Reassessment notice under section 148 served after date of limitation is bad-in-law: ITAT Kolkata

Pradip Chandra Roy Vs ITO (ITAT Kolkata) ITAT Kolkata held that reassessment order quashed since notice issued under section 148 of the Income Tax Act was served after the date of limitation. Since issuance of notice is bad in law, consequent orders is liable to be quashed. Facts- The assessee, a retired person of Group-D staff of PWD Department, Government of West Bengal. AO issued notice u/s 133(6) of the Act on 29.08.2016 on the basis that the Department was in possession of information regarding transaction made by the assessee in immovable property in the F.Y. 2013-14. Notably, even after...