AY 2015-16 Reassessment Time-Barred if notices issued Post-1 Apr 2021: Bombay HC

Verjinia Foods Limited Vs ITO (Bombay High Court) Verjinia Foods Limited filed an Interim Application seeking further directions in Writ Petition No. 1428 of 2023 before the Bombay High Court, concerning reassessment proceedings for Assessment Year (A.Y.) 2015-16. The reassessment had been initiated by a notice under Section 148 of the Income-tax Act, 1961, issued on 5th April 2022. The petitioner had earlier filed the Writ Petition challenging these proceedings, and the Court, by order dated 9th May 2024, had quashed the reassessment notice. Despite this, the Assessing Officer continued proce...