https://www.taxtmi.com/caselaws?id=755750 The Bombay HC quashed a reassessment notice dated 19 July 2022 for assessment year 2015-16, finding it invalid under the limitation period provisions of section 148. Following the Division Bench decision in Hexaware Technology Ltd., the court held that the notice failed to satisfy the legal requirements for timely issuance. The reassessment proceedings were set aside in favor of the assessee due to the time limit violation. en-us Tue, 02 Jul 2024 00:00:00 +0530 Wed, 17 Jul 2024 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755750 The Bombay HC quashed a reassessment notice dated 19 July 2022 for assessment year 2015-16, finding it invalid under the limitation period provisions of section 148. Following the Division Bench decision in Hexaware Technology Ltd., the court held that the notice failed to satisfy the legal requirements for timely issuance. The reassessment proceedings were set aside in favor of the assessee due to the time limit violation. Case-Laws Income Tax Tue, 02 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755750