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Karnataka HC Quashes Assessment Orders as Time-Barred After Settlement Commission Proceedings

Case Law Details

Case Name
RNS Infrastructure Limited Vs DCIT (Karnataka High Court)
Date of Judgement/Order
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RNS Infrastructure Limited Vs DCIT (Karnataka High Court) The batch of writ petitions challenged Show Cause Notices issued for the Assessment Years 2006-07 to 2012-13, Assessment Orders dated 03.02.2017 for the Assessment Years 2006-07 to 2012-13, and Penalty Notices issued under Section 274 read with Section 271(1)(c) of the Income-tax Act, 1961. The assessment proceedings arose after proceedings before the Settlement Commission. Following a search conducted under Section 132 on 16.02.2012, the petitioner filed returns on 24.01.2014 and an application before the Settlement Commission in Form ...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,022

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