Reopening Tax Assessments: Issuance Date of Notice Key to Validity Under New Section 148A Rules, Says High Court.

Reopening Tax Assessments: Issuance Date of Notice Key to Validity Under New Section 148A Rules, Says High Court. https://www.taxtmi.com/highlights?id=73957 Validity of reopening of assessment - period of limitation for issuance of notice u/s 148 - It is not the actual communication of the notice that is relevant. It is the issuance of the notice. - Scope of new regime u/s 148A - Once the notice has been dispatched either electronically or through post on the last date prescribed u/s 149 the proceeding cannot be questioned as time barred. - HC en-us Thu, 04 Jan 2024 09:11:00 +0530 Thu, 04 Jan 2024 20:25:27 +0530 TaxTMI RSS Generator Reopening Tax Assessments: Issuance Date of Notice Key to Validity Under New Section 148A Rules, Says High Court. https://www.taxtmi.com/highlights?id=73957 Validity of reopening of assessment - period of limitation for issuance of notice u/s 148 - It is not the actual communication of the notice that is relevant. It is the issuance of the notice. - Scope of new regime u/s 148A - Once the notice has been dispatched either electronically or through post on the last date prescribed u/s 149 the proceeding cannot be questioned as time barred. - HC Highlights Income Tax Thu, 04 Jan 2024 09:11:00 +0530 https://www.taxtmi.com/highlights?id=73957