Notice issued u/s 148 of Income Tax Act Wholly without Jurisdiction and Bad in law: ITAT quashes Reopening of Assessment [Read Order]

The re-opening was held to be invalid in the eyes of law, and so, the notice issued under Section 148 of the Income Tax Act was held wholly without jurisdiction and bad in law
ITAT mumbai - Income Tax Act - Section 148 of the Income Tax Act - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has quashed the reopening of assessment, ruling that the notice issued under Section 148 of the Income Tax Act, 1961 was held to be wholly without jurisdiction and bad in law. The assessee V. K. Nanavaty Share and Stock Brokers Pvt. Ltd is…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1599 + GST for 1 year

Subscribe Now

taxscan-loader