2021 (1) TMI 17 - HC - Income Tax

Reopening of assessment u/s 147 - Assessee submits that in view of the long gap of time the re-assessment under Sections 147-148 of the Act despite the order of the learned Single Judge has now become time barred - HELD THAT - As assessee submits that he need not press the challenge against the order of the learned Single Judge before this Court in this intra-court Appeal and the Appellant/Assessee may be left free to take appropriate legal remedy against the re-assessment order if any passed by the Assessing Authority for AY 2007-08. Writ Appeal is accordingly dismissed as infructuous with the aforesaid liberty to the Appellant / Assessee

Summary

The High Court of Madras dismissed the Writ Appeal as infructuous, allowing the Appellant/Assessee to challenge any re-assessment order by the Assessing Authority for AY 2007-08. The re-assessment under Sections 147-148 of the Income Tax Act became time-barred due to a long gap since the initial order was rendered on 15.07.2015.