On writ the assessee\u00a0 challenged the order passed under section\u00a0148A(d)\u00a0of the\u00a0Income-tax Act, 1961\u00a0and the notice dated July 30, 2022 issued under section\u00a0148\u00a0for the assessment year 2013-14 on the ground that it was barred by limitation and the vires of Instruction No. 1 of 2022 dated May 11, 2022 [2022] 444 ITR (St.) 43) issued by the Central Board of Direct Taxes, \u00a0dismissing the petition, the Court held\u00a0 that as the income escaping beyond 50 lakhs, notice is not barred by limitation in view of section 3 of\u00a0 Taxation And Other Laws (Relaxation And Amendment Of Certain Provisions) Act, 2020 read with\u00a0 the \u00a0Notification No. 20 of 2021 dated March 31, 2021 ([2021] 432 ITR (St.) 141) and Notification No. 38 of 2021 dated April 27, 2021 ([2021] 434 ITR (St.) 11). Accordingly\u00a0 the first proviso to section\u00a0149\u00a0(as amended by the Finance Act, 2021) was not attracted and even without the benefit of Instruction No. 1 of 2022, dated May 11, 2022 the notice under section\u00a0148\u00a0was within limitation.(AY.2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Limitation-Extension of time limit for issuance of notice until 30-6-2021-Income escaping beyond 50 lakhs-Notice not barred by limitation. [S. 147, 148, 148A(b), 148A(d),149, Taxation And Other Laws (Relaxation And Amendment Of Certain Provisions) Act, 2020, S. 3. Art. 226] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-39163","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-abF","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=39163"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39163\/revisions"}],"predecessor-version":[{"id":39164,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39163\/revisions\/39164"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=39163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=39163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=39163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}