https://www.taxtmi.com/caselaws?id=766318 The ITAT Raipur quashed an assessment order passed under section 147 read with section 144B after finding that the notice issued under section 148 dated 25.07.2022 was barred by limitation. The Assessing Officer had issued the notice after the limitation period expired on 13.06.2022 (corrected to 16.06.2022). Since the notice was issued beyond the prescribed limitation period, the subsequent assessment order could not be sustained. The tribunal ruled in favor of the assessee, holding that without a valid notice under section 148, the reopening assessment was invalid. en-us Wed, 05 Feb 2025 00:00:00 +0530 Sat, 22 Feb 2025 08:30:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766318 The ITAT Raipur quashed an assessment order passed under section 147 read with section 144B after finding that the notice issued under section 148 dated 25.07.2022 was barred by limitation. The Assessing Officer had issued the notice after the limitation period expired on 13.06.2022 (corrected to 16.06.2022). Since the notice was issued beyond the prescribed limitation period, the subsequent assessment order could not be sustained. The tribunal ruled in favor of the assessee, holding that without a valid notice under section 148, the reopening assessment was invalid. Case-Laws Income Tax Wed, 05 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766318