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ITAT Jaipur Quashes Reassessment as Notice u/s 148A(d) Issued Beyond Limitation
Case Law Details
- Case Name
- Sanskriti Build-Dev Private Limited Vs ITO (ITAT Jaipur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Jaipur
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Sanskriti Build-Dev Private Limited Vs ITO (ITAT Jaipur)
Reassessment Dies at Birth – Notice Beyond 26.06.2022 -Notice Bey ond Surviving Period Under TOLA Held Invalid
Background
Issue: Validity of reassessment proceedings initiated u/s 148.
AO: Issued notice u/s 148 on 23.06.2021 (old regime). Later, order u/s 148A(d) passed on 27.07.2022, confirming escaped income.
CIT(A): Confirmed AO’s action on 29.01.2025.
Assessee’s Arguments
Notice dated 27.07.2022 u/s 148A(d) was time-barred, relying on SC ruling in Union of India & Ors. Vs. Rajeev Bansal (2024) 167 Taxman 70.
As per SC, A...
Author Info
