Reopening of assessment notice liable to be Quashed if Barred by Limitation Period u/s 149 of Income Tax Act: Jharkhand HC [Read Order]

The Jharkhand HC ruled that reopening of assessment notice liable to be quashed if barred by limitation period under Section 149 of the Income Tax Act
By Kalyani B. Nair - On February 20, 2024 8:02 pm - 2 mins read
Jharkhand High Court - assessment notice - Income Tax - Reassessment notice - Quashing reassessment notices - TAXSCAN

-“If the foundation of any proceeding is illegal and unsustainable in law, then all consequential proceedings or order are also bad in law.” In a recent decision, the Jharkhand High Court ruled that reopening of assessment notice liable to be quashed if barred by limitation period under Section 149 of the Income Tax Act, 1961….

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