Section 148 Reassessment Quashed as Notice Issued Beyond Surviving Limitation Period: ITAT Ahmedabad

Advertisement Scarlet Tradelink Private Limited Vs ITO (ITAT Ahmedabad) The Income Tax Appellate Tribunal, Ahmedabad Bench, heard the assessee’s appeal against the order dated 27.02.2025 passed by the National Faceless Appeal Centre (NFAC), which had upheld the assessment order dated 26.05.2023 passed under Sections 147 read with 143(3) of the Income-tax Act, 1961 for Assessment Year 2016-17. The assessee had challenged the reassessment proceedings on several grounds, including inadequate opportunity of hearing before completion of assessment, validity of the order under Section 148A(...