Reassessment Notices Beyond Six-Year Limitation Invalid: SC Upholds Delhi HC Order

ITO Vs Kalpana Buildmart Private Limited (Supreme Court of India) The case concerns reassessment proceedings initiated for Assessment Year (AY) 2014–15 under the Income Tax Act, 1961. The petitioner had challenged a notice dated 30.08.2024 issued under Section 148, along with the preceding notice under Section 148A(b) and the order passed under Section 148A(d). The core issue before the High Court was whether the reassessment notice was barred by limitation. Read HC Judgment in this case: Delhi HC Quashed Reassessment Notice as Six-Year Limitation Had Expired Before the High Court, it was s...