The HC allowed the petition and set aside the impugned ...

Notice for reassessment proceedings quashed as barred by limitation.

January 21, 2025

Case Laws Income Tax HC

The HC allowed the petition and set aside the impugned reassessment notice and subsequent proceedings. The AO's satisfaction note for invoking reassessment proceedings u/s 153C of the Income Tax Act was held to be barred by limitation, as it was prepared beyond the prescribed 10-year period from the relevant assessment year. The HC concluded that the notice was invalid and quashed the reassessment proceedings initiated against the petitioner.

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The HC allowed the petition and set aside the impugned ...

Notice for reassessment proceedings quashed as barred by limitation.

January 21, 2025

Case Laws Income Tax HC

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