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Reassessment Beyond 3 Years for ₹8 Lakh Addition? – ITAT Questions Validity of Section 148 Notice
Case Law Details
- Case Name
- Ashok Narayan Satav Vs ITO (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
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Ashok Narayan Satav Vs ITO (ITAT Pune)
Reassessment Beyond 3 Years for ₹8 Lakh Addition? – ITAT Questions Validity of Section 148 Notice
The Pune ITAT raised serious doubts on the validity of reassessment proceedings initiated beyond three years where the alleged escaped income was only ₹8 lakh, and remanded the matter back to the CIT(A) for fresh adjudication after proper verification of jurisdictional facts.
In this case, the assessee had originally filed the return declaring income of about ₹2.13 lakh. Subsequently, based on information that the assessee had all...
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