₹50 lakh income-tax case: ITAT quashes reassessment after tax department issued notice beyond the legal deadline

2 hours ago 1

A Surat ITAT ruling has quashed reassessment proceedings involving a ₹50 lakh IDS disclosure after finding the tax department’s section 148 notice was time-barred. The case also involved a bank error that delayed part of the taxpayer’s tax payment.

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₹50 lakh income-tax case: ITAT quashes reassessment after tax department issued notice beyond the legal deadline

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