Held that notice under s. 148 for asst. yr. 2015-16 issued on 28th June, 2021, was barred by limitation. Accordingly, the assessment order passed under s. 147 r/w s. 144C(13) is quashed.(AY. 2015-16)
Trans World International LLC v. DCIT (IT) (2025) 236 TTJ 385 / 175 taxmann.com 703 (Delhi)(Trib)
S. 148: Reassessment-Notice Limitation-Time-limit for issuing of notice under s. 148 for asst. yr. 2015-16 under the old provisions was 31st March, 2022-Notice issued on 28th June, 2021-Not covered under TOLA]-Barred by limitation. [S. 144C(13), 147, 149(1)]
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