Income Tax Reassessment Of 2013–14 Quashed, J&K High Court Says: “Clearly Barred By Limitation And Cannot Be Sustained In Law”

The High Court of Jammu & Kashmir and Ladakh quashed reassessment proceedings for AY 2013–14 as time-barred. A bench of Justice Sindhu Sharma and Justice Shahzad Azeem set aside orders issued under Income Tax Act, 1961 Sections 148A(d) and 148.