This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
ITAT Quashes Reassessment Notices Against Larsen & Toubro as Time-Barred
Case Law Details
- Case Name
- DCIT Vs Larsen & Toubro Limited (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
DCIT Vs Larsen & Toubro Limited (ITAT Mumbai)
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings initiated against Larsen & Toubro Limited (L&T) for the assessment years (AY) 2014-15 and 2015-16. The tribunal held that the reassessment notices issued by the Assessing Officer (AO) were barred by limitation, rendering the entire proceedings invalid. The ruling heavily relied on recent Supreme Court judgments that clarified the complex transitional issues arising from the amendment of tax laws in 2021.
The case centered on reassessment no...
