https://www.taxtmi.com/caselaws?id=766344 ITAT Raipur quashed the assessment for AY 2014-15 after finding that the notice under section 148 (new regime) was issued on 29.06.2022, which was beyond the limitation period as it should have been issued by 23.06.2022. Following the precedent in Kachrulal Jitendra Kumar case and Supreme Court judgment in Ashish Agrawal, the tribunal held that the belated notice rendered the assessment invalid for want of valid assumption of jurisdiction by the Assessing Officer. The revenue's appeal was dismissed as infructuous. en-us Mon, 17 Feb 2025 00:00:00 +0530 Sat, 22 Feb 2025 08:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766344 ITAT Raipur quashed the assessment for AY 2014-15 after finding that the notice under section 148 (new regime) was issued on 29.06.2022, which was beyond the limitation period as it should have been issued by 23.06.2022. Following the precedent in Kachrulal Jitendra Kumar case and Supreme Court judgment in Ashish Agrawal, the tribunal held that the belated notice rendered the assessment invalid for want of valid assumption of jurisdiction by the Assessing Officer. The revenue's appeal was dismissed as infructuous. Case-Laws Income Tax Mon, 17 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766344