Reassessment proceedings barred by limitation cannot be pursued: Rajasthan HC

Late Shri Rafiq Ahmed Querashi Vs Central Board Of Direct Taxes (Rajasthan High Court)

Rajasthan High Court in the case of Late Shri Rafiq Ahmed Querashi Vs Central Board of Direct Taxes addressed a petition challenging the validity of reassessment proceedings initiated under Section 148 of the Income Tax Act, 1961. The petitioner contended that the reassessment notice issued for the assessment year (AY) 2015-16 on July 28, 2022, was time-barred as per the amendments introduced by the Finance Act, 2021. The petition sought to quash the notice under Section 148 and the rela

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