{"id":15074,"date":"2021-01-27T08:11:15","date_gmt":"2021-01-27T08:11:15","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vishwas\/whether-search-case-or-not\/"},"modified":"2021-01-28T05:23:57","modified_gmt":"2021-01-28T05:23:57","slug":"whether-search-case-or-not","status":"publish","type":"vishwas","link":"https:\/\/itatonline.org\/digest\/vishwas\/whether-search-case-or-not\/","title":{"rendered":"whether search case or not"},"content":{"rendered":"<p>The assessment is done u\/s 143(3) and addition is made for LTCG for penny stock case. No search \/ search assessment was done on the assessee. We have filed for VSV. The AO is planning to amend calculations of Tax considering this as a search case based on Q no. 70 in FAQs. He is of the view that search was done on a kolkata based entity and from that the informations has been passed by the investigation wing. Hence according to him the Reply to the  FAQ applies in our case. Kindly guide.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The assessment is done u\/s 143(3) and addition is made for LTCG for penny stock case. No search \/ search assessment was done on the assessee. We have filed for VSV. The AO is planning to amend calculations of Tax considering this as a search case based on Q no. 70 in FAQs. He is of the view that search was done on a kolkata based entity and from that the informations has been passed by the investigation wing. Hence according to him the Reply to the FAQ applies in our case. Kindly guide.<\/p>\n<p><a href=\"https:\/\/itatonline.org\/digest\/vishwas\/whether-search-case-or-not\/\">read more<\/a><\/p>","protected":false},"comment_status":"open","ping_status":"closed","template":"","tags":[],"expertname":[6],"class_list":["post-15074","vishwas","type-vishwas","status-publish","hentry","expertname-dr-k-shivaram-sr-advocate"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas\/15074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/vishwas"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=15074"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=15074"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=15074"},{"taxonomy":"expertname","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/expertname?post=15074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}