HomeDirect TaxExtended Time Limit Under Amended Reassessment Regime Can’t Revive Time-Barred Proceedings Under...

Extended Time Limit Under Amended Reassessment Regime Can’t Revive Time-Barred Proceedings Under Erstwhile Law: ITAT

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The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a reassessment proceeding initiated against a petrol pump operator after holding that where the limitation under the erstwhile provisions had already expired, the extended time limit introduced under the amended regime could not be invoked to revive a time-barred reassessment proceeding. The bench…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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