ITAT Quashes Two Reassessments: Time-Barred Assessment and Second Section 148 Notice During Pendency of Earlier Reassessment Held Invalid

Smt. Kumarasamy Karthiyayini Vs ITO (ITAT Bangalore) ITAT Quashes Two Reassessments: Time-Barred Assessment and Second Section 148 Notice During Pendency of Earlier Reassessment Held Invalid Section 148 Notice Before Approval and Fresh Reopening During Pending Reassessment Prove Fatal; Bangalore ITAT Quashes Both Assessments The Bangalore ITAT quashed two separate reassessment orders against the assessee, holding that the first reassessment was barred by limitation and the second reassessment was invalid because a fresh section 148 notice was issued while the earlier reassessment proceedings w...