https://www.taxtmi.com/caselaws?id=755361 A reassessment notice issued under section 148 was treated as time-barred because it fell under the earlier limitation regime applicable to the assessment year, and the jurisdictional High Court's binding view was followed. The revenue's reliance on the COVID-19 extension was rejected in light of the controlling precedents. As the notice was beyond the permissible limitation period, the consequential reassessment proceedings and orders were quashed in favour of the assessee. en-us Mon, 08 Jul 2024 00:00:00 +0530 Wed, 10 Jul 2024 08:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755361 A reassessment notice issued under section 148 was treated as time-barred because it fell under the earlier limitation regime applicable to the assessment year, and the jurisdictional High Court's binding view was followed. The revenue's reliance on the COVID-19 extension was rejected in light of the controlling precedents. As the notice was beyond the permissible limitation period, the consequential reassessment proceedings and orders were quashed in favour of the assessee. Case-Laws Income Tax Mon, 08 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755361