Reassessment Notice Time-Barred as Issued Beyond Limitation Period: Karnataka HC

Infineon Technologies AG AM Campeon Vs DCIT (International Taxation) (Karnataka High Court) The Karnataka High Court examined the validity of reassessment proceedings initiated against the petitioner for Assessment Year 2010–11 under the Income-tax Act, 1961. The petitioner challenged the reopening on the ground that it was barred by limitation under Section 149, which required issuance of a valid notice within six years from the end of the relevant assessment year. The Revenue relied on a notice dated 31 March 2017 issued under Section 148, followed by a corrigendum dated 11 April 2017 corr...