Reassessment Quashed as U/s 148 Notice Issued After TOLA Time Limit

Anuj Kapoor Vs DCIT (ITAT Delhi) Missed the Clock by 28 Days:  TOLA Time Over, Reassessment Game Over: ITAT Applies Rajeev Bansal-  Delhi ITAT quashed reassessment for AY 2013-14 holding notice issued u/s 148 on 21.07.2022 as barred by limitation in light of Supreme Court ruling in UOI vs. Rajeev Bansal (469 ITR 46). Assessee Anuj Kapoor challenged validity of reassessment by way of additional legal ground, which Tribunal admitted following NTPC Ltd. vs. CIT (229 ITR 383). Tribunal noted that original notice u/s 148 was issued on 07.06.2021 under old regime & pursuant to UOI vs. Ashish A...