Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2022 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (7) TMI 1436 - HC - Income TaxReopening of assessment u/s 147 - reopening beyond period of 4 years - notice u/s 148 issued beyond the period of limitation after the expiry of the relevant AY - HELD THAT - Following the order of this Court in M/s. Ambika Iron and Steel Pvt. Ltd 2022 (1) TMI 1291 - ORISSA HIGH COURT the impugned notice and the consequential notices are hereby quashed. The writ petition is disposed of in the above terms. The interim order is vacated.
The High Court of Orissa quashed an impugned notice under Section 148 of the Income Tax Act, 1961 as it was issued beyond the period of limitation. The decision was based on a previous order dated 24th January, 2022 in a similar case.
|