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ITAT Delhi Quashes AY 2015-16 Reassessment as Time-Barred After 01.04.2021
Case Law Details
- Case Name
- Parmod Kumar Vs Central Circle 18 (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Delhi
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Parmod Kumar Vs Central Circle 18 (ITAT Delhi)
Reassessment Notice for AY 2015-16 Issued After 01.04.2021 Held Time-Barred: ITAT Delhi Quashes Proceedings
The Delhi Bench of the ITAT allowed the assessee’s appeal and quashed the reassessment proceedings initiated under section 148 for AY 2015-16, holding the notice dated 27.04.2022 to be barred by limitation.
The Tribunal accepted the assessee’s contention that, in light of the Supreme Court judgment in Union of India v. Rajeev Bansal, all reassessment notices for AY 2015-16 issued on or after 01.04.2021 are liable to be dropped, as they d...
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