Rajasthan HC Quashed Reassessment for Being Time-Barred Beyond Statutory Limitation

Cement Limited Vs ACIT (Rajasthan High Court)

The Rajasthan High Court examined the validity of reassessment proceedings initiated against the assessee for Assessment Year 2017–18. The petitioner challenged the legality of a show-cause notice issued under Section 148A(b) dated 31 March 2024, the reassassessment notice under Section 148 dated 1 May 2024, and the order passed under Section 148A(d) on the same date. The petitioner contended that all actions were barred by limitation, based on a change of opinion, and issued without jurisdiction.

The assessee, engaged in the m

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