2022 (8) TMI 1405 - HC - Income Tax

Reopening of assessment u/s 147 - notice u/s 148 has been issued beyond six years after the end of the AY in question - HELD THAT - Following the order of this Court in M/s. Ambika Iron and Steel Pvt. Ltd and others 2022 (1) TMI 1291 - ORISSA HIGH COURT the impugned notice and the consequential orders/notices, if any, are hereby quashed. The writ petition is disposed of in the above terms.

Summary

The High Court of Orissa quashed an impugned notice under Section 148 of the Income Tax Act, 1961 issued beyond six years after the end of the assessment year, following a previous court order. The writ petition was disposed of accordingly.