ITAT Rajkot Delivers Landmark Ruling on Reassessment Beyond 3 Years: ₹50 Lakh Threshold Under Section 149 Cannot Be Artificially Inflated In a significant judgment impacting reassessment proceedings across India, the Rajkot Bench of the Income Tax Appellate Tribunal (ITAT Rajkot) has held that the Income Tax Department cannot reopen assessments beyond 3 years by…
The post ITAT Rajkot Delivers Landmark Ruling on Reassessment Beyond 3 Years: ₹50 Lakh Threshold Under Section 149 Cannot Be Artificially Inflated appeared first on The Tax Talk.
