https://www.taxtmi.com/caselaws?id=427938 The Court dismissed the writ petition challenging an order under Section 148A(d) of the Income Tax Act, 1961 and a notice issued under Section 148 for Assessment Year 2013-14. The Court held that the notice was not time-barred as the reassessment notice was issued within the extended time limit provided by the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020, and the income escaping assessment exceeded Rs.50 lakhs, making the first proviso of Section 149 inapplicable. The Court directed the Assessing Officer to decide the matter on its merits, except for the limitation issue. en-us Wed, 31 Aug 2022 00:00:00 +0530 Mon, 14 Aug 2023 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427938 The Court dismissed the writ petition challenging an order under Section 148A(d) of the Income Tax Act, 1961 and a notice issued under Section 148 for Assessment Year 2013-14. The Court held that the notice was not time-barred as the reassessment notice was issued within the extended time limit provided by the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020, and the income escaping assessment exceeded Rs.50 lakhs, making the first proviso of Section 149 inapplicable. The Court directed the Assessing Officer to decide the matter on its merits, except for the limitation issue. Case-Laws Income Tax Wed, 31 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427938