{"id":9307,"date":"2020-01-19T15:54:29","date_gmt":"2020-01-19T15:54:29","guid":{"rendered":"http:\/\/itatonline.org\/digest\/runwal-realty-p-ltd-v-dy-cit-2019-107-taxmann-com-284-266-taxman-6-mag-bom-hc\/"},"modified":"2020-01-19T15:54:29","modified_gmt":"2020-01-19T15:54:29","slug":"runwal-realty-p-ltd-v-dy-cit-2019-107-taxmann-com-284-266-taxman-6-mag-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/runwal-realty-p-ltd-v-dy-cit-2019-107-taxmann-com-284-266-taxman-6-mag-bom-hc\/","title":{"rendered":"Runwal Realty (P.) Ltd v Dy.CIT ( 2019) 107 taxmann.com 284\/ 266 Taxman 6 (Mag) ( Bom) (HC)"},"content":{"rendered":"<p>Allowing the petition\u00a0 the Court held that during scrutiny assessment, AO had raised queries and assessee had made detail submissions providing materials on allowability of deduction underS 80IB(10) of the Act \u00a0and thereafter the claim was allowed . \u00a0AO sought to reopen assessment on ground that income had escaped assessment as there was no full and true disclosures on part of assessee . Court held that \u00a0the assessee having produced full accounts and provided full details including built-up area of flats sold, reopening of assessment on basis of same material would be mere change of opinion and hence not permissible. \u00a0(AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.147: Reassessment \u2013 Change of opinion &#8211;  Housing project \u2013 Produced full accounts and provided full details including built-up area of flats sold-Reopening of assessment on basis of same material would be mere change of opinion and hence not permissible. [ S.80IB(10) 148 , Art .226 ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9307","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2q7","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=9307"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9307\/revisions"}],"predecessor-version":[{"id":9308,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9307\/revisions\/9308"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}