Reopening Quashed as Limitation Under Old Regime Expired: ITAT Mumbai

Swami Vivekanand College Vs ITO (ITAT Mumbai) Reassessment Notice u/s 148 for AY 2015-16 Held Time-Barred—Entire Proceedings Quashed The Mumbai ITAT (G Bench) allowed the appeal of Swami Vivekanand College for AY 2015-16 and quashed the reassessment proceedings in entirety, holding that the notice issued under section 148 on 13.04.2022 was barred by limitation. The Tribunal held that: For AY 2015-16, under the old reassessment regime, the outer time limit to issue notice u/s 148 expired on 31.03.2022. The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 ...