{"id":26958,"date":"2022-05-17T18:31:43","date_gmt":"2022-05-17T13:01:43","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=26958"},"modified":"2022-05-27T06:56:39","modified_gmt":"2022-05-27T01:26:39","slug":"section-148a-of-income-tax-act-3","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/section-148a-of-income-tax-act-3\/","title":{"rendered":"Section 148A of Income Tax Act"},"content":{"rendered":"<p>Survey u\/s 133A took place at the premises of builder on 19.03.2019, wherein a diary containing details of on-money received by the said builder was found. On the basis of noting on the said diary, the assessments were completed in the hands of the builder for A.Y 2013-14 to A.Y 2017-18, wherein the additions about the on-money were made. The additions made by the AO were confirmed by the CIT(A) as well as the Tribunal.<\/p>\n<p>AO relying upon an explanation 1(v) to section 148,\u00a0 has issued notice u\/s 148A to the purchasers of the flats\/shops from the builder on the ground that the order of the ITAT is an information within the meaning of Section 148.<\/p>\n<p>Can the purchasers of the flats\/shops object the notice issued u\/s 148A relying upon first proviso to section 149(1) of the Act? or is there any other argument which they can contest?<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[574,136,445],"class_list":["post-26958","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-re-assessment","qa_tag-reassessment","qa_tag-survey"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/26958","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=26958"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=26958"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=26958"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=26958"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=26958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}