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ITAT Visakhapatnam Quashes Reassessment as Section 148 Notice Time-Barred
Case Law Details
- Case Name
- Srinivasa Rao Sirivuri Vs ITO (ITAT Visakhapatnam)
- 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 Visakhapatnam
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Srinivasa Rao Sirivuri Vs ITO (ITAT Visakhapatnam)
ITAT Visakhapatnam Quashes Reassessment as Section 148 Notice Held Time-Barred Under Pre-Amended Section 149(1)(b)
The ITAT Visakhapatnam in quashed the reassessment proceedings for AY 2015-16 on the ground that the notice issued under Section 148 on 03.04.2022 was time-barred under the limitation prescribed in Section 149(1)(b) as it stood prior to the Finance Act, 2021. The Tribunal observed that the six-year limitation period for reopening the assessment expired on 31.03.2022, and therefore the notice issued after this date was invalid. Rel...
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