Section 148 Notice Invalid When Issued After Limitation Deadline: ITAT Mumbai

Zee Entertainment Enterprises Limited Vs DCIT (ITAT Mumbai) The matter concerns two appeals filed by the assessee against orders of the Commissioner of Income Tax (Appeals)-48, Mumbai, for Assessment Years (AY) 2015–16 and 2019–20. Both appeals arise from assessment orders passed under Section 143(3) read with Section 147 of the Income Tax Act, 1961. Since both appeals pertain to the same assessee, they were heard together and disposed of by a common order. AY 2015–16: Validity of Reassessment Proceedings For AY 2015–16, the assessee originally filed its return of income on 26.11.2015 ...