{"id":61223,"date":"2026-06-25T11:04:51","date_gmt":"2026-06-25T05:34:51","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sainik-co-operative-house-building-society-ltd-v-ito-2025-214-itd-595-amritsar-trib\/"},"modified":"2026-06-25T11:04:51","modified_gmt":"2026-06-25T05:34:51","slug":"sainik-co-operative-house-building-society-ltd-v-ito-2025-214-itd-595-amritsar-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sainik-co-operative-house-building-society-ltd-v-ito-2025-214-itd-595-amritsar-trib\/","title":{"rendered":"Sainik Co-operative House Building Society Ltd. v. ITO (2025) 214 ITD 595 (Amritsar) (Trib.)"},"content":{"rendered":"<p><strong>\u00a0<\/strong>Assessee did not file a return, and cash deposits resulted in a reassessment notice under section 148A in July 2022. Tribunal held that since the Supreme Court clarified in UOI v. Rajeev Bansal (2024) 301 Taxman 238\/ 469 ITR 46 (SC) \u00a0that revised notice period for assessment year 2013-14 expired on 26 June 2022, the notice issued on 25 July 2022 was barred by limitation and the entire reassessment proceedings were not legally valid and were quashed.\u00a0 (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 149: Reassessment-Time limit for notice-Cash deposits-Notice under section 148A in July 2022-Revised notice period for assessment year 2013-14 expired on 26 June 2022-Notice issued on 25 th July 2022 was barred by limitation.[S. 69A, 147, 148, 148A(b), 148A(d)]<\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-61223","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fVt","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61223","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=61223"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61223\/revisions"}],"predecessor-version":[{"id":61224,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61223\/revisions\/61224"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=61223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=61223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=61223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}