{"id":36464,"date":"2023-08-31T17:59:30","date_gmt":"2023-08-31T12:29:30","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=36464"},"modified":"2023-09-01T06:57:24","modified_gmt":"2023-09-01T01:27:24","slug":"ma-filed-after-decision-of-sc-in-the-context-of-153c","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/ma-filed-after-decision-of-sc-in-the-context-of-153c\/","title":{"rendered":"MA filed after decision of SC in the context of 153C"},"content":{"rendered":"<p>Assessee has challenged\u00a0 validity of the impugned section 153C proceedings for want of a proper satisfaction.\u00a0 \u00a0Assessing Officer appears to have initiated the impugned section 153C proceedings\u00a0 in light of his satisfaction note prepared on 13.01.2016 that the corresponding seized material in fact \u201cpertains to\u201d the assessee\u00a0 during the course of search with xyz and thus had a \u201cbearing\u201d on its undisclosed income.<\/p>\n<p>ITAT has passed the order in favour of the assessee by relying upon the\u00a0 \u00a0decision in Income Tax Appeal No.83\/2014 CIT vs. M\/s. Arpit Land Pvt. Ltd., dated 07.02.2017 has decided the very issue of validity of 153C assessment against the department and in taxpayer\u201fs favour in the month of July 2022.<\/p>\n<p>After the decision of SC in the case of\u00a0 ITO V Vikram S Bhatia and others Department has filed an MA on the gound that the satisfaction recorded by the AO is correct and decision of ITAT taken ob the basis of HC decision has become void . the delay in filling MA is due to fact that SC has passed the order on 6.04.2023.<\/p>\n<p>whether the MA filed is legally Valid and Is there any remedy to oppose\u00a0 the MA. pl guide<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[1021],"qa_category":[23],"qa_tag":[285,726,202,1043],"class_list":["post-36464","qa","type-qa","status-publish","hentry","qa_expert-ksa-legal-chambers","qa_category-income-tax","qa_tag-miscellaneous-application","qa_tag-rectification-of-mistake","qa_tag-search-assessment","qa_tag-supreme-court-judgement"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/36464","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=36464"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=36464"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=36464"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=36464"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=36464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}