Issuance Of Notice And Initiation Of Reassessment Proceeding Beyond 6 Years: Calcutta High Court Stays Proceedings
2 years, 3 months ago

Issuance Of Notice And Initiation Of Reassessment Proceeding Beyond 6 Years: Calcutta High Court Stays Proceedings

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The Calcutta High Court has held that the issuance of notice and initiation of reassessment proceedings were beyond 6 years. The petitioner has challenged the order issued under Section 148A of the Income Tax Act of 1961 for the assessment year 2014-15, as well as all subsequent proceedings based on the notice issued under Section 148 of the Income Tax Act of 1961. The reassessment proceeding was challenged mainly on the ground of the jurisdiction of the assessing officer in the issuance of the notice under Section 148 being barred by limitation. The assessing officer attempted to justify the initiation of a reassessment proceeding in the order under Section 148A by referring to a CBDT instruction dated May 11, 2022.The issuance of notice and initiation of reassessment proceedings were beyond six years and, prima facie, they were barred by limitation.

History of this topic

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2 days, 19 hours ago
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1 year, 11 months ago
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1 year, 11 months ago
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1 year, 11 months ago
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2 years ago
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2 years, 1 month ago
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2 years, 1 month ago
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2 years, 2 months ago
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2 years, 3 months ago
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2 years, 3 months ago
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