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SC Remands Reassessment Cases as AY 2015-16 Notices May Be Time-Barred

Case Law Details

Case Name
ITO Vs Sai Kumar Mateti (Supreme Court of India)
Date of Judgement/Order
Only available for paid members
Advertisement ITO Vs Sai Kumar Mateti (Supreme Court of India) The Supreme Court disposed of a batch of 103 civil appeals concerning reassessment notices by remitting the matters to the respective jurisdictional High Courts for fresh determination. The Court noted that these cases had earlier been segregated because they might relate to Assessment Year (AY) 2015-16. During the hearing, the Revenue fairly conceded that reassessment notices relating to AY 2015-16 would be barred by limitation in view of the Supreme Court’s decision in Union of India v. Rajeev Bansal. The Court observed that...
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CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,551

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