YOGESHKUMAR KASTURJI PRAPAPATI vs INCOME TAX OFFICER WARD 4(2)(3) AHMEDABAD
In a significant ruling, the ITAT Ahmedabad quashed a reassessment order for A.Y. 2017-18 on the ground of limitation. The Tribunal, following the Supreme Court’s judgment in Union of India vs. Rajeev Bansal, held that the notice u/s. 148 issued on 28-07-2022 was time-barred as it was issued after the surviving period of limitation expired on 17-06-2022. The reassessment proceedings were thus invalid, and the addition on merits was not adjudicated. This decision reinforces the strict adherence to limitation periods in reassessment cases.
YOGESHKUMAR KASTURJI PRAPAPATI vs INCOME TAX OFFICER WARD 4(2)(3) AHMEDABAD View Full Article »