Date of Intimation u/s. 143(1) Determines Limitation Period: Reassessment vs. Revision Issues

Anushree Maheshwari Vs PCIT-1 (ITAT Surat)

Date of intimation u/s. 143(1) to be considered for limitation period as reassessment and revisionary proceedings issue are different

ITAT Surat held that since issue of re-assessment proceedings and issue of revisionary proceedings are different, period of two years would start from the date of intimation u/s. 143(1). Thus, since revisionary proceedings initiated beyond two years bracket the same is liable to be set aside.

Facts- Post completion of assessment, information was received from D

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