Bhushan Lal Pandita Vs. Assessment Unit Income Tax Department

Parties Involved

Facts Summary

This appeal is filed by the assessee, Bhushan Lal Pandita, against the order of the Ld. Commissioner of Income Tax (Appeals)/ NFAC, Delhi, dated 30.03.2021 for the Assessment Year 2015-16. The proceedings were initiated under notice dated 31.03.2021 under section 148 of the Act. The assessee's counsel argued that the proceedings are time-barred as per section 149(1)(a) of the Act. The counsel referred to the decision of the Hon’ble Supreme Court in the case of Union of India and Others Vs. Rajeev Bansal, wherein the revenue conceded that for the Assessment Year 2015-16, all notices issued on or after 01.04.2021 will have to be dropped as they will not fall for completion during the period prescribed under the Taxation and Other Laws (Realizations and Amendment of Certain Provisions) Act 2010.…

Legal Issues

• 1. Whether the notice dated 31.03.2021 issued under section 148 of the Act is time-barred.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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