PRINCIPAL COMMISSIONER OF INCOME TAX-1 vs. SHRINATH CORPORATION
ITA/68/2024HC Rajasthan08 Oct 2024
Bench: PANKAJ BHANDARI,PRAVEER BHATNAGAR
Section 153Section 153(7)Section 4
4.
The learned Single Judge held that, in view of Section
153(7) of the Act, the notice dated 06.11.2020 was barred by
limitation and accordingly quashed the same. The learned
Single Judge further directed the Assessing Officer to consider
the assessee’s claim for refund.
5.
Sri E.I. Sanmathi, learned Senior Standing Counsel
appearing for the appellants–Revenue, submits