https://www.taxtmi.com/caselaws?id=444917 The Gujarat HC held that reopening notices under section 148 for assessment years 2013-14 and 2014-15 issued between 01.04.2021 to 30.06.2021 were time-barred and illegal. The court ruled that the old regime's six-year limitation period from the end of the relevant assessment year continued to apply, and notices issued beyond this prescribed timeline lacked jurisdiction. Following the SC decision in Ashish Agarwal and the Division Bench ruling in Keenara Industries, the court determined that secondary legislation could not extend time limits that were otherwise barred under the principal Finance Act provisions. en-us Fri, 31 Mar 2023 00:00:00 +0530 Wed, 25 Oct 2023 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444917 The Gujarat HC held that reopening notices under section 148 for assessment years 2013-14 and 2014-15 issued between 01.04.2021 to 30.06.2021 were time-barred and illegal. The court ruled that the old regime's six-year limitation period from the end of the relevant assessment year continued to apply, and notices issued beyond this prescribed timeline lacked jurisdiction. Following the SC decision in Ashish Agarwal and the Division Bench ruling in Keenara Industries, the court determined that secondary legislation could not extend time limits that were otherwise barred under the principal Finance Act provisions. Case-Laws Income Tax Fri, 31 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444917