| Question And Answer | |
|---|---|
| Subject: | 148A after Judgement of Telengana HC |
| Category: | Income-Tax |
| Querist: | bs |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | Face less assessment, Notice, Reassessment, writ |
| Date: | September 17, 2023 |
1. What will happen to cases below Rs 50 lacs beyond 3 years ?
2. What will happen to cases where approvals were granted but notices u/s 148A were neven issued ?
3. What will happen to cases which are now time barred ?
The Hon’ble Telangana High Court in the case of WP 25903 of 2023 dated September 14, 2023 (itatonline.org ) has held that reassessment proceedings and issuance of notice have to be done by the faceless authority as per section 151 of the Income-tax Act, 1961 (Act), the said order is binding in the state of Telangana. Although, the quashing of Notices is only for those assessees that have filed the Writ Petitions; the other assessees can file petitions or take the ground in appeal. The other issues mentioned in the query are not decided and are left open.