Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2020 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (4) TMI 23 - AT - Income TaxReopening of assessment u/s 147 - more than 6 years lapsed - reopening barred by limitation - HELD THAT:- In this case, the re-assessment order for this assessment year, i.e 2010-11, was passed on 29.12.2016. By the time, more than 6 years had lapsed from the end of the assessment year 2009-10 and hence, in accordance with the decision ofPARVEEN KUMARI VERSUS COMMISSIONER OF INCOME-TAX AND ANOTHER [1998 (12) TMI 72 - PUNJAB AND HARYANA HIGH COURT]and relied upon by the Ld. A.R., no re-assessment could be directed under Section 150(1) of the Act. Therefore, the directions issued by the learned CIT(A) is not in accordance with law. Hence, we quash the direction issued by the learned CIT(A) for reopening the assessment for the assessment year 2009-10, which was barred by the limitation under Sections.150(2) of the Act and allow the appeal of the assessee.
|