{"id":20175,"date":"2021-07-12T18:12:31","date_gmt":"2021-07-12T12:42:31","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=20175"},"modified":"2021-07-13T18:54:40","modified_gmt":"2021-07-13T13:24:40","slug":"re-assessment-proceedings-double-taxation-applicability-of-section-153c","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/re-assessment-proceedings-double-taxation-applicability-of-section-153c\/","title":{"rendered":"Re-assessment Proceedings\/ Double Taxation. Applicability of section 153C"},"content":{"rendered":"<p>Assessment for A.Y 2012-13 was reopened by issuing notice U\/S 148 on the allegation that the assessee has received Bogus commodity profit through banking channel and passed on cash as per statement of broker. <\/p>\n<p>The assessee had shown the profit on commodity and offered the same for taxation in the original return and also in the return filed in response to 148 notice. No deduction from the aforesaid income was claimed.<\/p>\n<p>Apart from various legal grounds of appeal one of the ground is , since the income has already been offered to taxation the addition of the same again on the allegation that the assessee had paid cash amount to the broker amounts to double taxation which is against the settled principle.<\/p>\n<p>Query 1 : How far the aforesaid plea is tenable . Please give case laws in support of the same.<\/p>\n<p>Query 2 : from the reassessment order it is not clear whether the search was conducted on the alleged accommodation entry provider . Whether addition ground can be taken that notice U\/S 153C was not issued hence the proceedings are invalid.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[139],"qa_category":[23],"qa_tag":[136,113],"class_list":["post-20175","qa","type-qa","status-publish","hentry","qa_expert-research-team","qa_category-income-tax","qa_tag-reassessment","qa_tag-search-and-seizure"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/20175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=20175"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20175"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=20175"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=20175"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=20175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}