Reassessment processing beyond 6 years is barred by limitation

Laser Vanijya LLP Vs ITO (Calcutta High Court)

HC held that issuance of notice and initiation of re-assessment proceeding are beyond six years and, prima facie, it is barred by limitation both under the old Act as well as under newly amended provision relating to Section 147 of the Act.

FULL TEXT OF THE JUDGMENT/ORDER OF CALCUTTA HIGH COURT

Heard learned advocates appearing for the parties.

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