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KARNATAKA HIGH COURT
M.NAGAPRASANNA, J
INDEPENDENT AND PUBLIC SPIRITED MEDIA FOUNDATION – Appellant
Versus
THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 1(2) – Respondent
| Table of Content |
|---|
| 1. petitioners seek quashing of notices due to exceeded limitations. (Para 1 , 4) |
| 2. court reinforces that statutory limitations must be adhered to in tax assessments. (Para 5 , 6) |
| 3. court found issued notices to be invalid and quashed them. (Para 7 , 8) |
ORAL ORDER
(i) Quashing the impugned order under Section 148A (d) of the Income-Tax Act, 1961 dated 10.04.2023 bearing DIN ITBA/AST/F/148A/2023-24/2051990641(1) passed by the First respondent for the assessment year 2016-17 (Annexure-A-1);
(iii) Restraining the respondents and their officers from continuing with the reassessment proceedings initiated vide the impugned notice under Section 148 of the Income-Tax Act, 1961 (AnnexureA-2);
above; and (v) Passing such other or further orders as this Hon'ble Court may deem fit in the facts and circumstances of the case, in the interests of justice and equity.
3. On 09.10.2017, it transpires that the petitioner - Trust furnishes various documents in the course of a scrutiny assessment proceeding including the financial statements showing the application expenditure inter alia. Later, on 08.11.2017, return of income was filed for the assessment year 2016-17 claiming its income to
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