Income Tax 12 October 2026
Gujarat High Court Dismisses 2014-15 Tax Reassessment Notice
India’s Gujarat High Court has set aside a tax department notice that sought to reopen assessment for Assessment Year 2014-15 under Section 148, ruling the demand was time‑barred. The decision nullifies the reassessment and relieves the taxpayer from the alleged liability.
- Court ruling: Gujarat High Court quashed the Section 148 reassessment notice for AY 2014‑15, stating it was filed beyond the legal time limit.
- Impact: The taxpayer is no longer liable for the demand, and the notice is void.
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