{"id":609,"date":"2015-11-21T12:42:53","date_gmt":"2015-11-21T12:42:53","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=609"},"modified":"2021-12-16T16:19:09","modified_gmt":"2021-12-16T10:49:09","slug":"income-tax-3","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/income-tax-3\/","title":{"rendered":"income tax update november 19,2015"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d0dc47a0464\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d0dc47a0464\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/income-tax-3\/#INCOME_TAX_UPDATE_NOVEMBER_192015\" title=\"INCOME TAX UPDATE NOVEMBER 19,2015\">INCOME TAX UPDATE NOVEMBER 19,2015<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/income-tax-3\/#Income_Tax_Updates\" title=\"Income Tax Updates\">Income Tax Updates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/income-tax-3\/#2_No_search_proceedings_against_client_due_to_seizure_of_CAs_hard_disk_containing_ITR_data_of_the_client\" title=\"2. No search proceedings against client due to seizure of CA&#8217;s hard disk containing ITR data of the client\">2. No search proceedings against client due to seizure of CA&#8217;s hard disk containing ITR data of the client<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/income-tax-3\/#3_Failure_to_serve_reassessment_notice_couldnt_be_cured_by_deeming_fiction_of_sec_292BB\" title=\"3. Failure to serve reassessment notice couldn&#8217;t be cured by deeming fiction of sec. 292BB\">3. Failure to serve reassessment notice couldn&#8217;t be cured by deeming fiction of sec. 292BB<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/income-tax-3\/#How_to_file_a_return_of_TDS_online\" title=\"How to file a return of TDS online\">How to file a return of TDS online<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/income-tax-3\/#New_revise_TDSTCS_due_date_for_filing_Return_and_Payment_for_the_year_2020\" title=\"New revise TDS\/TCS due date for filing Return and Payment for the year 2020\">New revise TDS\/TCS due date for filing Return and Payment for the year 2020<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/income-tax-3\/#key_features_of_TCS_on_goods_sale_section-206c\" title=\"key features of TCS on goods sale section-206c\">key features of TCS on goods sale section-206c<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><\/h2>\n<p>&nbsp;<\/p>\n<figure id=\"attachment_1599\" aria-describedby=\"caption-attachment-1599\" style=\"width: 581px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled30A.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-1599\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled30A.png\" alt=\"www.carajput.com;Income Tax Update\" width=\"581\" height=\"383\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled30A.png 423w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled30A-300x198.png 300w\" sizes=\"(max-width: 581px) 100vw, 581px\" \/><\/a><figcaption id=\"caption-attachment-1599\" class=\"wp-caption-text\">www.carajput.com;Income Tax Update<\/figcaption><\/figure>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"INCOME_TAX_UPDATE_NOVEMBER_192015\"><\/span><span style=\"color: #000080;\"><strong>INCOME TAX UPDATE NOVEMBER 19,2015<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Income_Tax_Updates\"><\/span><span style=\"color: #808000;\"><strong><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.caindelhiindia.com\/blog\/file-your-income-tax-return-itr\/\">Income Tax <\/a>Updates<\/span><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">1.Land acquired under an agreement not to be held as compulsory acquisition under Sec. 194LA<\/p>\n<p style=\"text-align: justify;\">2. No search proceedings against client due to seizure of CA&#8217;s hard disk<\/p>\n<p style=\"text-align: justify;\">containing ITR data of client<\/p>\n<p style=\"text-align: justify;\">3. Failure to serve reassessment notice couldn&#8217;t be cured by deeming fiction of sec. 292BB<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #808000;\"><strong><span style=\"text-decoration: underline;\">In Detailed:<br \/>\n<\/span><\/strong><span style=\"color: #000000;\">1. Land acquired under an agreement not to be held as compulsory acquisition under Sec. 194LA\u00a0<\/span><\/span><span style=\"color: #000000;\">October 31, 2015[2015] (Bangalore &#8211; Trib.)<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #808000;\">IT :<\/span> The question of compulsory acquisition will arise only where the compensation cannot be determined by agreement. In other words when the compensation is based on an agreement between State Government and owner of the land, no more can we say that it is a compulsory acquisition<\/p>\n<p style=\"text-align: justify;\">The disputed issue is as under:<\/p>\n<p style=\"text-align: justify;\"><em>Whether acquisition of land under an agreement by Karnataka Industrial Area Development Board (a state Government Undertaking) with landowners under the Karnataka Industrial Areas Development Act, 1966 (&#8216;KIA Act&#8217;) would be deemed as compulsory acquisition within the meaning of Sec.194LA?&#8221;<\/em><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #808000;\">Held:<\/span><\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"78\">(1)<\/td>\n<td><\/td>\n<td style=\"text-align: justify;\">Section 194LA applies only when there is a compulsory acquisition under law. Under the compulsory acquisition, the seller has no option but to sell the land. He cannot even negotiate the price as the same is fixed by the statute itself.<\/td>\n<\/tr>\n<tr style=\"text-align: justify;\">\n<td width=\"78\">(2)<\/td>\n<td><\/td>\n<td>In the instant case, the landowners and a State Government Undertaking (i.e., assessee) entered into an agreement whereby they mutually agreed for the amount of compensation which was fixed in accordance with Section 29(2) of the KIA Act.<\/td>\n<\/tr>\n<tr style=\"text-align: justify;\">\n<td width=\"78\">(3)<\/td>\n<td><\/td>\n<td>The question of compulsory acquisition will arise only where the compensation cannot be determined by agreement. In other words, when the compensation is based on an agreement between the State Government and the owner of the land, no more can we say that it is a compulsory acquisition.<\/td>\n<\/tr>\n<tr style=\"text-align: justify;\">\n<td width=\"78\">(4)<\/td>\n<td><\/td>\n<td>In the instant case, compensation was based on an agreement between the State Government and the owner of the land, and, therefore, it could not be said to be a case of compulsory acquisition. Thus, once the acquisition is not considered compulsory, Sec.194LA of the IT Act will not be applicable.<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;\" width=\"78\">(5)<\/td>\n<td style=\"text-align: justify;\"><\/td>\n<td style=\"text-align: justify;\">The matter was remanded back to AO for verification whether in all the cases payment was made under agreement only. Once it was found that the acquisition resulted from an agreement, it would not be considered a compulsory acquisition. [2015] (Bangalore &#8211; Trib.)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\">IN THE ITAT BANGALORE BENCH &#8216;B&#8217;<\/p>\n<p style=\"text-align: justify;\">Karnataka Industrial Area Development Board<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/carajput.com\/income-tax-services.php\">Income-tax<\/a> Officer, TDS Ward<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"2_No_search_proceedings_against_client_due_to_seizure_of_CAs_hard_disk_containing_ITR_data_of_the_client\"><\/span><strong style=\"color: #808000; line-height: 1.5;\">2. No search proceedings against client due to seizure of CA&#8217;s hard disk containing ITR data of the client<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">October 31, 2015(Delhi)<\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #808000;\">IT :<\/span> <\/strong>Delhi HC lays down principles to avoid vexatious proceedings u\/s 153C against person other than person searched<\/p>\n<p style=\"text-align: justify;\">Court rules on relevant date for application of sec 153A where AO of searched is also AO of the other person<\/p>\n<p style=\"text-align: justify;\">If AO of the searched person and the other person is one and the same, date on which satisfaction is recorded by the AO that assets\/documents belong to the other person is the relevant date for application of section 153A<\/p>\n<p style=\"text-align: justify;\">Hard disk seized from CA with data pertaining to ITR filing of client doesnt &#8220;belong to&#8221; client for invoking sec 153C<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">The hard disk recovered from computer belonging to CA during search on CA&#8217;s premises containing workings supporting client&#8217;s <a href=\"https:\/\/carajput.com\/income-tax-services.php\">ITR<\/a> filing cannot be said to &#8220;belong to the client&#8221;. Therefore, section 153C cannot be invoked against the client based on such seized hard disk. Merely because the data pertained to the client, the hard disk seized from CA cannot be said to belong to the client<\/p>\n<p style=\"text-align: justify;\">If is apparent that assets seized from another person do not pertain to assessee, AO cann&#8217;t commence enquiry u\/s 153C<\/p>\n<p style=\"text-align: justify;\">It is not necessary for AO to be satisfied that assets\/documents seized during search of another person reflect assessee&#8217;s undisclosed <a href=\"https:\/\/carajput.com\/blog\/taxes-on-income-received-from-blogging-under-income-tax\/\">income<\/a> before commencing an enquiry u\/s 153C. However, it would be impermissible for AO to commence an enquiry u\/s 153C if it is apparent that assets\/documents seized from another person do not pertain to assessee, AO can\u2019t commence enquiry u\/s 153C\u00a0[2015](Delhi)\u00a0HIGH COURT OF DELHI\u00a0Commissioner of Income-tax.-7\u00a0RRJ Securities Ltd.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"3_Failure_to_serve_reassessment_notice_couldnt_be_cured_by_deeming_fiction_of_sec_292BB\"><\/span><strong style=\"color: #808000; line-height: 1.5;\">3. Failure to serve reassessment notice couldn&#8217;t be cured by deeming fiction of sec. 292BB<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">October 29, 2015(Delhi)<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #808000;\">IT:<\/span> In order to complete reassessment, notice under section 148 has to be mandatorily served upon assessee in accordance with section 282(1), read with Order V, Rule 12 CPC and Order III Rule 6 CPC<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #808000;\">IT:<\/span> Where prior to completion of reassessment, assessee raised an objection that he had not been duly served in accordance with section 148, proviso to section 292BB was attracted and revenue could not take advantage of main portion of section 292BB\u00a0[2015] (Delhi)<\/p>\n<p style=\"text-align: justify;\">HIGH COURT OF DELHI<\/p>\n<p style=\"text-align: justify;\">Commissioner of <a href=\"https:\/\/carajput.com\/income-tax-services.php\">Income-tax<\/a> (Central)-I<\/p>\n<p style=\"text-align: justify;\">Chetan Gupta<\/p>\n<p style=\"text-align: justify;\">The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances; Hope the information will assist you in your Professional\u00a0endeavors. For query or help, contact:\u00a0<a href=\"mailto:singh@carajput.com\">singh@carajput.com<\/a>\u00a0\u00a0or call at 9555555480<\/p>\n<p>Read more for related blogs are ;<\/p>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"How_to_file_a_return_of_TDS_online\"><\/span><a href=\"https:\/\/carajput.com\/blog\/how-to-file-tds-return-online\/\">How to file a return of TDS online<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"New_revise_TDSTCS_due_date_for_filing_Return_and_Payment_for_the_year_2020\"><\/span><a href=\"https:\/\/carajput.com\/blog\/new-revise-tds-tcs-return-filing-due-date-payment-due-date\/\">New revise TDS\/TCS due date for filing Return and Payment for the year 2020<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"key_features_of_TCS_on_goods_sale_section-206c\"><\/span><a href=\"https:\/\/carajput.com\/learn\/key-features-of-tcs-on-goods-sale-section-206c-1h-applicable-from-1-october-2020.html\">key features of TCS on goods sale section-206c<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; INCOME TAX UPDATE NOVEMBER 19,2015 Income Tax Updates 1.Land acquired under an agreement not to be held as compulsory acquisition under Sec. 194LA 2. No search proceedings against client due to seizure of CA&#8217;s hard disk containing ITR data of client 3. Failure to serve reassessment notice couldn&#8217;t be cured by deeming fiction of &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[150,9],"tags":[3519,5,170,3518],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/609"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=609"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/609\/revisions"}],"predecessor-version":[{"id":19954,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/609\/revisions\/19954"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}