Gujarat HC Quashes Reassessment Notice Issued Beyond Surviving Limitation Period

Hina Prakash Shah Vs ITO (Gujarat High Court) The Gujarat High Court allowed a writ petition challenging an order passed under Section 148A(d) of the Income-tax Act, 1961 dated 29 July 2022, the consequential notice issued under Section 148 on the same date, and the reassessment proceedings initiated under Section 147 for Assessment Year 2014-15. The petitioner contended that the notice was invalid and barred by limitation. The Assessing Officer had originally issued a notice under Section 148 on 24 June 2021 for Assessment Year 2014-15 during the extended limitation period available under the...