CIT(A) Cannot Order Protective Reopening for Different Assessment Year: ITAT Lucknow

ACIT Vs Sahara City Homes (ITAT Lucknow) ITAT Quashes Reassessment Because CIT(A) Had No Power to Direct Reopening for Another AY; Reassessment Notice Invalid Because Basis of CIT(A) Direction Was Expunged; ITAT Dismisses Revenue Appeals Because Section 148 Notice Was Time-Barred; Reassessment Proceedings on WIP and Customer Advances Quashed Due to Invalid Section 148 Notice. In ACIT Vs Sahara City Homes, the Lucknow Bench of the Income Tax Appellate Tribunal (ITAT) dismissed three Revenue appeals relating to reassessment proceedings against different Sahara City Homes group entities for Asses...