https://www.taxtmi.com/caselaws?id=312070 The court quashed the notice dated 31.03.2021 and the reassessment order dated 12.03.2022 under Section 148 of the Income Tax Act, 1961, for Assessment Year 2016-17, as they were issued after the limitation period expired. The respondent admitted the notice was sent on 01.04.2021, beyond the statutory deadline. The court relied on a prior judgment to declare the notice and reassessment order void, emphasizing the necessity of adhering to statutory timelines for tax assessments. The decision underscores the importance of procedural compliance in tax proceedings. en-us Fri, 06 May 2022 00:00:00 +0530 Tue, 30 Jan 2024 17:26:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312070 The court quashed the notice dated 31.03.2021 and the reassessment order dated 12.03.2022 under Section 148 of the Income Tax Act, 1961, for Assessment Year 2016-17, as they were issued after the limitation period expired. The respondent admitted the notice was sent on 01.04.2021, beyond the statutory deadline. The court relied on a prior judgment to declare the notice and reassessment order void, emphasizing the necessity of adhering to statutory timelines for tax assessments. The decision underscores the importance of procedural compliance in tax proceedings. Case-Laws Income Tax Fri, 06 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312070