Wavy Construction Llp vs Asst. Commissioner Of Income Tax Circle ...
Judges (2)
Counsel (4)
Case Significance
Wavy Construction Llp vs Asst. Commissioner Of Income Tax Circle ... is a Bombay High Court decision dated December 20, 2024 (citation: ik-133988435). Wavy Construction LLP challenged a reassessment order for AY 2014-15, contending that the assessment was passed beyond the limitation period prescribed under Section 153 of the Income Tax Act. The Court allowed the petition, finding that the limitation had expired sixty days from the date of the High Court's order and the impugned assessment order was passed almost ten months after the limitation expired, making it time-barred. The bench comprised Justices Advait M. Sethna and G.S. Kulkarni. The judgment was delivered by Justice G.S. Kulkarni. Counsel appearing: Akhileshwar Sharma (counsel for respondent), B. V. Jhaveri (counsel for petitioner), Bhargavi Raval (counsel for petitioner), J. D. Mistri (counsel for petitioner).
Summary
Wavy Construction LLP challenged a reassessment order for AY 2014-15, contending that the assessment was passed beyond the limitation period prescribed under Section 153 of the Income Tax Act. The Court allowed the petition, finding that the limitation had expired sixty days from the date of the High Court's order and the impugned assessment order was passed almost ten months after the limitation expired, making it time-barred.
What was the outcome of Wavy Construction Llp vs Asst. Commissioner Of Income Tax Circle ...?
Wavy Construction LLP challenged a reassessment order for AY 2014-15, contending that the assessment was passed beyond the limitation period prescribed under Section 153 of the Income Tax Act. The Cou...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (ik-133988435)