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Only One Surviving Day Left: Mumbai ITAT Quashes Time-Barred Reassessment Notices After Rajeev Bansal Ruling

Case Law Details

Case Name
Shankar Rajaram Neelam Vs ITO (ITAT Mumbai)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2013-14
Advertisement Shankar Rajaram Neelam Vs ITO (ITAT Mumbai) Only “1 surviving day” left to reopen – Mumbai ITAT quashes reassessment notices issued beyond limitation after Rajeev Bansal ruling In a major ruling on the post-Ashish Agarwal reassessment regime, the Mumbai ITAT quashed reassessment proceedings for AYs 2013-14 and 2014-15 after holding that the notices issued u/s 148 on 25.07.2022 were time-barred and beyond the surviving limitation period prescribed under section 149. The reassessment proceedings were originally triggered on the basis of information received during a th...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,842

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