https://www.taxtmi.com/caselaws?id=434980 The court quashed the impugned order under Section 148A(d) of the Income Tax Act due to the violation of CBDT Instruction No.01/2022, which prohibits issuing notices for certain assessment years if the alleged escaped income is below Rs.50,00,000. Emphasizing compliance with statutory provisions, the court ruled in favor of the petitioner, holding that the initiation of reassessment proceedings for the assessment year 2013-14 was time-barred under Section 149(1)(b) and the notice issued by the Respondent was improper. The writ petition challenging the notice and subsequent proceedings was disposed of in favor of the petitioner. en-us Thu, 22 Sep 2022 00:00:00 +0530 Tue, 07 Mar 2023 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434980 The court quashed the impugned order under Section 148A(d) of the Income Tax Act due to the violation of CBDT Instruction No.01/2022, which prohibits issuing notices for certain assessment years if the alleged escaped income is below Rs.50,00,000. Emphasizing compliance with statutory provisions, the court ruled in favor of the petitioner, holding that the initiation of reassessment proceedings for the assessment year 2013-14 was time-barred under Section 149(1)(b) and the notice issued by the Respondent was improper. The writ petition challenging the notice and subsequent proceedings was disposed of in favor of the petitioner. Case-Laws Income Tax Thu, 22 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434980