Reassessment Notice Issued Beyond Statutory Limitation Under First Proviso to Section 149 Is Time-Barred
Reassessment Notice Issued Beyond Statutory Limitation Under First Proviso to Section 149 Is Time-Barred Issue Whether a reassessment notice issued under Section 148 on July 30, 2022 for Assessment Year 2015-16 is barred by limitation under the first proviso to Section 149, rendering the subsequent reassessment order legally unsustainable. Facts Original Return & Scrutiny: The… Read More »