IMPRESSIVE TRADING PRIVATE LIMITED,MUMBAI vs. INCOME TAX OFFICER 10(1)(1), MUMBAI
Facts
The appeals filed by the assessee emanate from orders passed by the CIT(A) pertaining to assessment orders u/s. 147 of the Income-tax Act, 1961. The core issue revolved around the validity of notices issued u/s 148 of the Act for reopening assessments for AYs 2013-14, 2014-15, and 2015-16.
Held
The Tribunal held that the notices issued u/s 148 of the Act and the consequential assessment orders were null and void as they were barred by time limitation. The appeals were allowed on legal grounds.
Key Issues
Whether the notices issued under Section 148 of the Income Tax Act for reopening the assessment were within the prescribed time limitation, considering the relevant Supreme Court judgments on the 'surviving period'.
Sections Cited
147, 148, 148A, 149, 151A, 271(1)(c), 115JB
AI-generated summary — verify with the full judgment below
Before: SHRI NARENDRA KUMAR CHOUDHRY & SHRI PRABHASH SHANKAR
आदेश की प्रयियलयि अग्रेयिि/Copy of the Order forwarded to : 1. अपीलार्थी / The Appellant 2. प्रत्यर्थी / The Respondent. आयकर आयुक्त / CIT 3. 4. विभागीय प्रविविवि, आयकर अपीलीय अविकरण DR, ITAT, Mumbai गार्ड फाईल / Guard file. 5.
P a g e | 18 ITA No. 7298, 7299& 7300/Mum/2025 A.Y. 2013-14, 2014-15 & 2015-16 Impressive Trading Pvt Ltd., Mumbai सत्यावपि प्रवि //True Copy// आदेशानुसार/ BY ORDER,
उि/सहायक िंजीकार (Dy./Asstt. Registrar) आयकर अिीलीय अयिकरण/ ITAT, Bench, Mumbai.