Notice under section 148 \u00a0dt 30-6-2021\u00a0 was issued to assessee based on information received pursuant to a survey carried out at premises. The assessee filed its return of income. No reassessment was processed. Pursuant to judgment of Supreme Court in UOI \u00a0v. Ashish Agarwal(2022) 286 Taxman 183\/444 ITR 1 (SC)revenue \u00a0issued reassessment notice under section 148A to assessee dated 27-5-2022 and asserted that said notice was in continuation of original section 148 notice dated 30-6-2021.On writ the Court held that\u00a0\u00a0 the \u00a0assessee had not instituted any legal proceedings before any Court to assail notice dated 30-6-2021 and, thus, said notice remained unscathed and unimpacted and there arose no need for its revival and, thus, notice under section 148A(b) dated 27-5-2022 was not in continuation or substitution of original notice dated 30-6-2021. Therefore, notice issued on 27-5-2022 for reopening assessment for 2015-16 was in contravention of first proviso to section 149(1) and was barred by limitation. \u00a0\u00a0(AY. 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Limitation-Notice issued on 27-5-2022 under section 148A(b) was not in continuation of reopening notice under section 148 dated 30-6-2021-Reopening assessment for assessment year 2015-16, is in contravention of first proviso to section 149(1) and is barred by limitation.[S. 148, 148A(b), 148A(d), 149(1)(b), 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":[21,1],"tags":[],"class_list":["post-51502","post","type-post","status-publish","format-standard","hentry","category-income-tax-act","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-doG","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51502","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=51502"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51502\/revisions"}],"predecessor-version":[{"id":56531,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51502\/revisions\/56531"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=51502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=51502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}