https://www.taxtmi.com/caselaws?id=753682 Reassessment framed u/s 144 r.w.s. 144C pursuant to notice u/s 148 was challenged as time-barred under s. 153(2). The Tribunal held that where notice u/s 148 was issued on 24.02.2021 and no reference was made to the TPO, the statutory time limit for completing reassessment under s. 153(2) expired on 31.03.2022. As the final assessment order was passed on 30.01.2023, it was beyond limitation and therefore void. The reassessment proceedings and final order were quashed as barred by limitation, rendering other grounds academic; the appeal was allowed. en-us Wed, 10 Apr 2024 00:00:00 +0530 Mon, 05 Jan 2026 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753682 Reassessment framed u/s 144 r.w.s. 144C pursuant to notice u/s 148 was challenged as time-barred under s. 153(2). The Tribunal held that where notice u/s 148 was issued on 24.02.2021 and no reference was made to the TPO, the statutory time limit for completing reassessment under s. 153(2) expired on 31.03.2022. As the final assessment order was passed on 30.01.2023, it was beyond limitation and therefore void. The reassessment proceedings and final order were quashed as barred by limitation, rendering other grounds academic; the appeal was allowed. Case-Laws Income Tax Wed, 10 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753682