ITAT Quashes Reassessment as Section 148 Notice Was Issued After Limitation Expiry

Veera Hanuman Filling Station Vs ITO (ITAT Hyderabad) Reassessment Held Invalid Because First Proviso to Section 149 Barred Fresh Notice; Section 148 Notice Set Aside Because Amended Ten-Year Period Could Not Revive Time-Barred Case; Assessment Order Quashed Because Reopening Notice Was Issued Beyond Six-Year Deadline; ITAT Allows Appeal Because Time-Barred Reassessment Cannot Be Sustained Under New Regime; Reopening Proceedings Cancelled Because Limitation Under Old Law Had Already Expired. The appeal before the Income Tax Appellate Tribunal, Hyderabad, arose from the order of...