Reassessment for AY 2015-16 Quashed as Notice Was Time-Barred: ITAT Bangalore

ITO Vs Maddila Ramakrishna (ITAT Bangalore) The Revenue filed an appeal before the ITAT Bangalore against the order dated 3 April 2025 passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, for Assessment Year (AY) 2015–16. The CIT(A) had allowed the assessee’s appeal and quashed the reassessment proceedings. The Revenue challenged that decision, contending that the reassessment notice was within the limitation period due to the extension granted under the Taxation and Other Laws (Relaxation of Certain Provisions) Act, 2020 (TOLA), that the Supreme Cour...