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Reopening Barred by Limitation: ITAT Quashes 148 Notice for AY 2015-16 Post-TOLA
Case Law Details
- Case Name
- Bangamata Tie-up Private Limited Vs ITO (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Kolkata
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Bangamata Tie-up Private Limited Vs ITO (ITAT Kolkata)
Reopening Beyond Limitation — ITAT Kolkata Quashes 148 Notice for A.Y. 2015-16 Following Rajeev Bansal (SC)
Kolkata ITAT allowed the appeal of Bangamata Tie-Up Pvt. Ltd., holding that the reopening of assessment u/s 147 was barred by limitation in light of the Supreme Court’s ruling in Union of India v. Rajeev Bansal [2024] 469 ITR 46 (SC).
Facts
The AO reopened the case based on information from the Insight Portal that the Assessee had received ₹2.17 crore from companies later struck off by the ROC, treating the credits as accommoda...
Author Info
