Supreme court decision on 148 dated 03.10.2024

[Ajay Ajmera]

Dear all

Recently on 03.10.2024, Honble Supreme court has delivered its judgement on validity of 148 Notices issued between 01.04.2021 to 30.06.2021. please advise whether 148 for A.Y. 2013-14 issued on 20.07.2022 is valid or not, having regards to the following facts:-

1. Original 148:28.06.2022

2. 148A(1)(d); 26.05.2022

3. Time allowed to response: 09.06.2022

4.Date of Assessee Submissions: 03.06.2022

5. Date of new 148: 20.07.2022

AI Summary

Debate on Validity of Section 148 Notices Issued July 20, 2022, for Assessment Year 2013-14 Sparks Interest A discussion in a forum centers on a recent Supreme Court decision regarding the validity of Section 148 notices issued between April 1, 2021, and June 30, 2021. A participant queries about the validity of a notice for the assessment year 2013-14 issued on July 20, 2022, with earlier notices and responses dated in 2021 and 2022. One respondent believes the notice is valid, while the original poster corrects a mistake in the dates and seeks further guidance on the notice's validity.