“ITAT Kolkata Quashes Reopening for AY 2015-16: TOLA Extension Not Applicable

Woodland Retails Private Limited Vs ITO (ITAT Kolkata) ITAT Kolkata Quashes Reopening for A.Y. 2015-16 — TOLA Extension Not Applicable as per Supreme Court in Rajeev Bansal Case Assessee challenged the reopening of assessment u/s 147 on the ground that the notice u/s 148 issued on 23.06.2021 was barred by limitation, as the benefit of extended limitation under the Taxation and Other Laws (Relaxation of Certain Provisions) Act, 2020 (TOLA) was not available for A.Y. 2015-16 after 01.04.2021. Assessee relied on the Supreme Court decision in Union of India & Ors. v. Rajeev Bansal (469 ITR 4...