Sunrise F & B Restaurant Pvt. Ltd. vs. ACIT, Central Circle 30
Parties Involved
Facts Summary
The assessee, Sunrise F & B Restaurant Pvt. Ltd., filed appeals against the order of the Learned Commissioner of Income Tax (Appeals)-30, New Delhi for the Assessment Years 2014-15 and 2015-16. The assessee had originally filed a return of income declaring a loss, which was processed. Subsequently, a search and seizure operation was conducted, and certain documents pertaining to the assessee were found. The case was centralized, and notices under sections 153A and 153C were issued. The assessee filed returns in response to these notices. However, the notice under section 143(2) was issued beyond the limitation period, leading to the assessee's contention that the assessment was without jurisdiction.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the notice under section 143(2) was issued within the prescribed limitation period.
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
2 precedents cited in this judgement.
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