Section 147/148 Proceedings Barred During Pending Section 154 Proceedings

Vimoni India Pvt. Ltd Vs DCIT (ITAT Delhi) In the case of Vimoni India Pvt. Ltd. vs. DCIT, the Income Tax Appellate Tribunal (ITAT) Delhi ruled that reassessment proceedings initiated under Section 148 of the Income Tax Act were invalid due to the pending rectification proceedings under Section 154. The appeal challenged the order of the Commissioner of Income Tax (Appeals)-19, New Delhi, primarily on the grounds that the Assessing Officer (AO) had issued a rectification notice under Section 154 and, within a week, proceeded with reassessment under Section 148 without disposing of the initial ...