{"id":34541,"date":"2023-05-14T06:37:52","date_gmt":"2023-05-14T01:07:52","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&p=34541"},"modified":"2023-05-14T06:37:52","modified_gmt":"2023-05-14T01:07:52","slug":"sec-148-reassessment-amalgamation-search","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/sec-148-reassessment-amalgamation-search\/","title":{"rendered":"Sec. 148, Reassessment , amalgamation , search"},"content":{"rendered":"
    \n
  1. A Search and Seizure action was carried out on the residence of Mr. X\u00a0 and his Group Company\u00a0 premises.<\/span><\/li>\n
  2. In pursuance of the said search, the Dept has issued notices u\/s 148 for A.Y. 2013-14 onwards to various entities.<\/span><\/li>\n
  3. In light of the same, Certain Notices are issued in the name of Y and Co\u00a0 Private Limited’ which had merged with Z and Co\u00a0 Limited; Writ Petitions against the same are filed in light of Maruti Sukuzi (SC) and Alok Knit Exports Pvt Ltd (Bom HC).<\/span><\/li>\n
  4. \u00a0M\/s. T\u00a0 Private Limited is also been issued with a similar notice which is also converted to M\/S. U LLP; Writ Petition is to be filed for the same.<\/span><\/li>\n<\/ol>\n
    \u00a0<\/span><\/b><\/div>\n

    The issue at hand is:<\/b>
    \n<\/span><\/p>\n

      \n
    1. \n
        \n
      1. \u00a0 Whether Notices for A.Y. 2013-14 to A.Y. 2016-17 can be challenged on grounds of First Proviso to Section 149 r.w.s. Section 153A, considering the fact that the department has merely issued a one-pager notice without establishing the fact that income escaping\u00a0assessment is 50 Lakhs or more.\u00a0<\/span><\/li>\n
      2. Whether a Notice u\/s 148 should be issued in the name of Resultant LLP or the Convertee\u00a0Pvt Ltd Company for the year in which the conversion took place?<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n

        Pl guide .<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[139],"qa_category":[23],"qa_tag":[929,136],"class_list":["post-34541","qa","type-qa","status-publish","hentry","qa_expert-research-team","qa_category-income-tax","qa_tag-amalgamation-writ","qa_tag-reassessment"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/34541","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=34541"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=34541"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=34541"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=34541"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=34541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}