High Court quashes reassessment notice for lack of reasonable opportunity. https://www.taxtmi.com/highlights?id=85043 HC quashed order u/s 148A(d) and notice u/s 148 for reopening assessment, holding that petitioner was deprived of reasonable opportunity in violation of s. 148A(c); AO's action citing time constraint was unsustainable as extended limitation period for escaped income over Rs. 50 lakh for AY 2015-16 ended on 31.03.2016, not 31.03.2022 as claimed. en-us Tue, 21 Jan 2025 09:16:26 +0530 Tue, 21 Jan 2025 09:16:26 +0530 TaxTMI RSS Generator High Court quashes reassessment notice for lack of reasonable opportunity. https://www.taxtmi.com/highlights?id=85043 HC quashed order u/s 148A(d) and notice u/s 148 for reopening assessment, holding that petitioner was deprived of reasonable opportunity in violation of s. 148A(c); AO's action citing time constraint was unsustainable as extended limitation period for escaped income over Rs. 50 lakh for AY 2015-16 ended on 31.03.2016, not 31.03.2022 as claimed. Highlights Income Tax Tue, 21 Jan 2025 09:16:26 +0530 https://www.taxtmi.com/highlights?id=85043