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Section 148 Notice Beyond 7-Day Grace Period Void: ITAT Delhi Quashes Reassessment

Case Law Details

Case Name : Lombard Portfolio Pvt. Ltd. Vs DCIT (ITAT Delhi)
Related Assessment Year : 2013-14
Courts : All ITAT ITAT Delhi
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Lombard Portfolio Pvt. Ltd. Vs DCIT (ITAT Delhi) 148 Notice Beyond 7-Day Grace Period Void: ITAT Delhi Quashes Reassessment- Reopening Hit by Limitation – Tribunal Follows SC Ashish Agarwal Ruling to Strike Down 148 Notice- Jurisdictional Defect: ITAT Delhi Quashes ₹62.5 Lakh Addition in Reassessment Lombard Portfolio Pvt. Ltd. filed appeal before Tribunal against NFAC order arising from reassessment framed u/s 147 r.w.s. 144B for AY 2013-14. AO reopened case based on information that Assessee was engaged in providing accommodation entries through shell companies & added ₹62,50,000 a...
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Name: CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka, India
Member Since: 17 Feb 2018 | Total Posts: 5461
CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

My Published Posts

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