ITAT Quashes Reassessment for AY 2015-16 as Section 148 Notice Issued After 1 April 2021 Was Time-Barred


Quick Summary
The Income Tax Appellate Tribunal (ITAT) has quashed a reassessment order for the Assessment Year (AY) 2015-16 in the case of Akash Shah v. ACIT. The Tribunal found that the notice for reassessment, issued under Section 148 on 8 April 2021, was time-barred. This decision aligns with Supreme Court rulings stating that such notices issued on or after 1 April 2021 for AY 2015-16 are invalid due to limitations under the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. Consequently, the Assessing Officer lacked the jurisdiction to proceed with the reassessment.

Court :
AHMEDABAD

Brief :
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has quashed a reassessment order for Assessment Year (AY) 2015-16 after holding that the notice issued under Section 148 of the Income Tax Act on 8 April 2021 was time-barred and without jurisdiction.

Citation :
ITA No. 1780/AHD/2025 Assessment Years: 2015-16

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Mita Basak
Published in Income Tax
Views : 43
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