ITAT quashes Reassessment Notice u/s 148 issued beyond the statutory time frame [Read Order]
The bench observed that although the AO had signed the notice under Section 148 on 31-03-2021, the notice was issued on 28-12-2021, much after the date of the limitation, due to which the issuance of notice was bad in law
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the reassessment notice, which was issued under Section 148 of the Income Tax Act, 1960, as it was issued beyond the statutory time frame. In this case, the assessee, who is a retired person, did not file his income tax returns (…
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