Assessee filed writ petition challenging reopening notice alongwith order passed under section 148A(d) on ground that the same were bad in law and without jurisdiction. High Court held that reassessment notice issued for assessment year 2013-14, under old regime after expiry of six years limitation period were barred by limitation. SLP of Revenue is disposed of in terms of judgment of Supreme Court in Union of India v. Rajeev Bansal [2024] 167 taxmann.com 70 (SC). (AY. 2013-14)
Asstt. CIT v. Deekay Pine Board (P.) Ltd. (2024) 301 Taxman 552 (SC) Editorial : Deekay Pine Board (P.) Ltd v. ACIT(2024) 167 taxmann.com 731 (Guj)(HC)
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Time limit for notice-Notice issued for assessment year 2013-14, under old regime after expiry of six years-SLP is disposed of in terms of judgment of Supreme Court in Union of India v. Rajeev Bansal [2024] 167 taxmann.com 70 (SC).[[S. 147, 148, 148A(b), 148A(d), 149, Taxation and other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020, S.3, Art. 136]