Section 148 Reassessment Quashed for Limitation & Invalid Section 151 Approval: ITAT Kolkata

Advertisement Vrinda Ispat Pvt. Ltd Vs ITO (ITAT Kolkata) The assessee filed appeals against the orders of the National Faceless Appeal Centre for AYs 2013-14 to 2017-18. Appeals in ITA Nos. 6, 8 and 10/KOL/2025 were dismissed as withdrawn on the assessee’s request. In ITA No. 7/KOL/2025, the assessee challenged the reassessment proceedings initiated under Section 147 on the ground of limitation. The ITAT found that the notice issued under Section 148A(b) dated 30.06.2021, the notice under Section 148, and the assessment order dated 26.05.2023 were barred by limitation in view of the Sup...