Reassessment notice quashed due to time limit & lack of approval under new law. Appellant wins on legal grounds. https://www.taxtmi.com/highlights?id=80199 Reassessment proceedings barred by limitation period u/s 149(1)(b) of Finance Act, 2021. Impugned notice u/s 148 dated 15.04.2021 for AY 2015-16 quashed. Consequential reassessment proceedings set aside due to lack of sanction/approval for issuance of notice as per substituted Finance Act, 2021. Appellant succeeds on legal issues, decided in favor of assessee. en-us Wed, 07 Aug 2024 06:44:29 +0530 Wed, 07 Aug 2024 06:44:29 +0530 TaxTMI RSS Generator Reassessment notice quashed due to time limit & lack of approval under new law. Appellant wins on legal grounds. https://www.taxtmi.com/highlights?id=80199 Reassessment proceedings barred by limitation period u/s 149(1)(b) of Finance Act, 2021. Impugned notice u/s 148 dated 15.04.2021 for AY 2015-16 quashed. Consequential reassessment proceedings set aside due to lack of sanction/approval for issuance of notice as per substituted Finance Act, 2021. Appellant succeeds on legal issues, decided in favor of assessee. Highlights Income Tax Wed, 07 Aug 2024 06:44:29 +0530 https://www.taxtmi.com/highlights?id=80199