{"id":9858,"date":"2020-02-15T14:40:32","date_gmt":"2020-02-15T14:40:32","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-jsw-steel-ltd-bomhc-www-itatonline-org\/"},"modified":"2021-04-28T12:58:21","modified_gmt":"2021-04-28T07:28:21","slug":"pcit-v-jsw-steel-ltd-bomhc-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-jsw-steel-ltd-bomhc-www-itatonline-org\/","title":{"rendered":"PCIT v. JSW Steel Ltd  (2020)422 ITR 71 \/ 313 CTR 129\/ 187 DTR 1\/ 270 Taxman 201 (Bom)(HC), www.itatonline.org"},"content":{"rendered":"<p><strong>Dismissing the appeal of the revenue the Court held that,once the assessment gets abated, the original return filed u\/s 139(1) is replaced by the return filed u\/s 153A. It is open to both parties, i.e. the assessee and revenue, to make claims for allowance or disallowance. The assessee is entitled to lodge a new claim for deduction etc. which remained to be claimed in his earlier\/ regular return of income (CIT v. Continental Warehousing Corporation( Nhava Sheva )\u00a0\u00a0 Ltd\u00a0 (2015) \u00a0374 ITR 645 (Bom)(HC) , referred) ITA No . <\/strong>1934 \u00a0of \u00a02017, dt.05.02.2020) (AY.2008 -09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 153A : Assessment \u2013 Search- Abated assessment- It is open to both parties, i.e. the assessee and revenue, to make  new claims for allowance or disallowance.  [ S.132, 139(1) ]  <\/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-9858","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2z0","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9858","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=9858"}],"version-history":[{"count":4,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9858\/revisions"}],"predecessor-version":[{"id":17356,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9858\/revisions\/17356"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}