Dy. C.I.T vs. LT Foods Limited

Parties Involved

Facts Summary

For Assessment Year (AY) 2014-15, a notice under section 148 of the Income-tax Act, 1961 was issued to the assessee on 03.06.2021. This notice was considered as a show cause notice due to the decision in Union of India Vs. Ashish Agarwal. A subsequent notice under section 148 was issued on 28.07.2022. The main contention was whether this subsequent notice was time-barred. Similarly, for AY 2015-16, the original notice under section 148 was issued on 30.06.2021, and a subsequent notice was issued on 28.07.2022.…

Legal Issues

• 1. Whether the notice under section 148 of the Act for AY 2014-15 issued on 28.07.2022 is time-barred.
• 2. Whether the notice under section 148 of the Act for AY 2015-16 issued on 28.07.2022 is valid.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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