Time Barred Section 148 Notice: ITAT Mumbai Quashes Reassessment

Nilanjana Arvinder Singh Vs DCIT (ITAT Mumbai) Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has nullified reassessment orders against advocate Nilanjana Arvinder Singh for the assessment years 2013-14 and 2014-15. The tribunal’s decision primarily rested on the finding that the reassessment notices issued under Section 148 of the Income Tax Act, 1961, were beyond the statutory period of limitation. The appeals filed by Ms. Singh were initially delayed by 144 days. However, the ITAT condoned the delay after reviewing an affidavit from the assessee, citing her Chartered Accountant&#...