{"id":54169,"date":"2025-05-13T15:20:19","date_gmt":"2025-05-13T09:50:19","guid":{"rendered":"https:\/\/itatonline.org\/digest\/bhoomi-viral-shah-v-ito-2024-473-itr-574-bom-hc-editorial-this-decision-is-prior-to-the-apex-courts-judgment-of-uoi-v-rajeev-bansal-2024469-itr-46-301-itr-238-sc\/"},"modified":"2025-05-13T15:20:19","modified_gmt":"2025-05-13T09:50:19","slug":"bhoomi-viral-shah-v-ito-2024-473-itr-574-bom-hc-editorial-this-decision-is-prior-to-the-apex-courts-judgment-of-uoi-v-rajeev-bansal-2024469-itr-46-301-itr-238-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bhoomi-viral-shah-v-ito-2024-473-itr-574-bom-hc-editorial-this-decision-is-prior-to-the-apex-courts-judgment-of-uoi-v-rajeev-bansal-2024469-itr-46-301-itr-238-sc\/","title":{"rendered":"Bhoomi Viral Shah v. ITO (2024) 473 ITR 574 (Bom.) (HC) Editorial: This decision is prior to the Apex Court\u2019s judgment of UOI v. Rajeev Bansal (2024)469 ITR 46\/ 301 ITR 238 (SC)"},"content":{"rendered":"<p>The Assessing Officer issued a reassessment notice under Section 148 in 2022 for AY 2013-14, applying the amended provisions of Section 149 introduced by the Finance Act, 2022. However, under the pre-amended Section 149(1)(b) (which applied to AY 2013-14), the limitation period of six years had already expired on 31 March 2020, and was only extended until 31 March 2021 by COVID-related notifications. The reassessment notice was issued much later, beyond this extended period.<\/p>\n<p>The Bombay High Court held that the amended provisions of Section 149 (as given in the Finance Act, 2022) could not be applied retrospectively to AY 2013-14. Hence, the AO lacked jurisdiction, and the entire reassessment proceedings, including the notice and consequential assessment order, were held to be void ab initio.(AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 149 : Reassessment-Time limit for notice-Provisions of relevant assessment year applicable for reassessment proceedings. [S. 147 148,149(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],"tags":[],"class_list":["post-54169","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-e5H","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54169","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=54169"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54169\/revisions"}],"predecessor-version":[{"id":54170,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54169\/revisions\/54170"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=54169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=54169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=54169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}