No further proceeding can be initiated once the notice under Section 148A of the Income Tax Act is found to be time barred
The Rajasthan High Court set aside the order passed against the appellant on the charge that the income chargeable to tax for the assessment year 2015-16 has escaped assessment under the purview of Section 147 of the Income Tax Act, 1961. The assessee, Bijendra Singh argued that the show cause notice had been based on…
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