Income Tax Act Challenged: Reopening Notice U/s 148 Quashed if Beyond Limitation Period U/s 149

In a significant legal development, the Jharkhand High Court, consisting of Hon’ble Mr. Justice Rongon Mukhopadhyay and Hon’ble Mr. Justice Deepak Roshan, ruled in favor of M/s. Sevensea Vincom Private Limited, through its Director, Mr. Rupak Pasari, in a writ petition challenging actions under the Income Tax Act, 1961. The case, filed as W.P. (T) No. 2815 of 2023, focused on quashing notices and orders related to the Assessment Year…