2025 (2) TMI 544 - HC - Income Tax

Reopening of assessment - Notice issued time barred - HELD THAT - Revenue has written instruction from the Department to the effect that the notices u/s 148 have incorrectly been issued and the claim of the petitioner that the same was time barred is correct therefore he says that the notice should be set aside as referred to the decision of Rajeev Bansal 2024 (10) TMI 264 - SUPREME COURT (LB) The written instruction dated 15.1.2025 is taken on record. The petition is allowed. The impugned notice issued under Section 148 quashed.

Summary

The Allahabad High Court, in a case where the Revenue acknowledged incorrect issuance of notices under Section 148 of the I.T. Act, 1961, ruled in favor of the petitioner, citing the decision of the Supreme Court in Union of India Vs. Rajeev Bansal. The court allowed the petition and quashed the impugned notice and all consequential actions.