Section 148 Notice Beyond 3 Years Barred for Income Under ₹50L: ITAT Bangalore

Income Tax Appellate Tribunal (ITAT) Bangalore allowed the appeal of Neelamma, quashing the reassessment notice issued under Section 148 of the Income Tax Act, 1961. The case pertained to the assessment year 2018-19, where the assessee, engaged in the flower business, was issued a notice under Section 148A(b) after the Income Tax Department found an alleged undisclosed

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