{"id":63540,"date":"2026-08-01T16:17:06","date_gmt":"2026-08-01T10:47:06","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-prasad-shetty-2025-126-itr-124-178-taxmann-com-148-delhitrib\/"},"modified":"2026-08-01T16:17:06","modified_gmt":"2026-08-01T10:47:06","slug":"dy-cit-v-prasad-shetty-2025-126-itr-124-178-taxmann-com-148-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-prasad-shetty-2025-126-itr-124-178-taxmann-com-148-delhitrib\/","title":{"rendered":"Dy. CIT v. Prasad Shetty (2025) 126 ITR 124 \/ 178 taxmann.com 148 (Delhi)(Trib.)"},"content":{"rendered":"<p>The original notice under the old regime was issued on 28-6-2021, leaving only two days of the original limitation period. Applying the principles laid down by the Supreme Court in <em>Rajeev Bansal<\/em> and <em>Ashish Agarwal<\/em>, the Tribunal held that after expiry of the time granted to the assessee to respond to the deemed notice under section 148A(b), the Assessing Officer was required to complete the proceedings under section 148A and issue notice under section 148 within the surviving period of two days. Since the notice was issued beyond the surviving limitation, it was barred by limitation, and the reassessment was quashed. (AY. 2017-18).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Limitation-Surviving limitation after Rajeev Bansal-Notice issued beyond surviving period-Reassessment quashed.[S. 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-63540","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gwQ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63540","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=63540"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63540\/revisions"}],"predecessor-version":[{"id":63541,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63540\/revisions\/63541"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=63540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=63540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=63540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}