Section 148 Notice Issued After 31.03.2022 Held Invalid: ITAT Visakhapatnam

Vaka Ghanta Nageswararao Vs ITO (ITAT Visakhapatnam)

The Income Tax Appellate Tribunal (ITAT), Visakhapatnam, in Vaka Ghanta Nageswararao vs ITO, quashed reassessment proceedings for Assessment Year (AY) 2015-16 on the ground that the notice issued under Section 148 of the Income Tax Act, 1961, was time-barred and void ab initio.

The assessee, an individual, had not filed a return of income for AY 2015-16. Based on information regarding cash deposits of ₹80.01

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