https://www.taxtmi.com/caselaws?id=762043 ITAT Patna held that reassessment notices issued under section 148 for AY 2018-19, 2019-20, and 2020-21 were time-barred by limitation. The tribunal quashed orders withdrawing approval under section 10(23C)(vi) as the AO's reference to PCIT was invalid - made during non-pending proceedings and under the second proviso to section 143(3) which was not applicable to the assessment years in question. Additionally, PCIT lacked territorial jurisdiction as Commissioner (Exemption) was the appropriate authority for approval/withdrawal matters. The case was decided in favor of the assessee. en-us Wed, 20 Nov 2024 00:00:00 +0530 Fri, 23 May 2025 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762043 ITAT Patna held that reassessment notices issued under section 148 for AY 2018-19, 2019-20, and 2020-21 were time-barred by limitation. The tribunal quashed orders withdrawing approval under section 10(23C)(vi) as the AO's reference to PCIT was invalid - made during non-pending proceedings and under the second proviso to section 143(3) which was not applicable to the assessment years in question. Additionally, PCIT lacked territorial jurisdiction as Commissioner (Exemption) was the appropriate authority for approval/withdrawal matters. The case was decided in favor of the assessee. Case-Laws Income Tax Wed, 20 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762043