Shatakshi Mudra Investment Pvt. Ltd. vs ITO, Ward-5(1), Kolkata
Case No: ITA No. 26/KOL/2025
Court: INCOME TAX APPELLATE TRIBUNAL “D” BENCH, KOLKATA
Date: 3/10/2025
Parties Involved
appellantShatakshi Mudra Investment Pvt. Ltd.
respondentITO, Ward-5(1), Kolkata
Facts Summary
This is an appeal filed by Shatakshi Mudra Investment Pvt. Ltd. against the order of the Ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, passed on 06.11.2024 under section 250 of the Income Tax Act, 1961 for the assessment year 2015-16. The appellant contends that the notice under section 148 of the Act issued on 23.07.2022 is barred by limitation as per the decision of the Hon’ble Supreme Court in the case of Union of India Vs. Rajeev Bansal. The assessm…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the notice issued under section 148 of the Income Tax Act, 1961 on 23.07.2022 is barred by limitation.
- 2. Whether the assessment order passed on 22.05.2023 is valid.
Precedents Relied Upon
5 precedents cited in this judgement.