https://www.taxtmi.com/caselaws?id=757908 The Bombay HC held that a reassessment notice issued under Section 148 for assessment year 2013-14 dated 25 July 2022 was time-barred and without jurisdiction. Following the Division Bench decision in Hexaware, the court found the notice illegal under the first proviso to Section 149. The subsequent assessment order dated 26 May 2023 was consequently rendered void ab initio as it was based on an inherently jurisdictionless notice. The court ruled that the assessing officer incorrectly applied amended provisions while overlooking expired limitation periods, making the entire proceedings illegal and incurable regardless of forum. The assessee's appeal was allowed. en-us Mon, 26 Aug 2024 00:00:00 +0530 Wed, 04 Sep 2024 08:20:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757908 The Bombay HC held that a reassessment notice issued under Section 148 for assessment year 2013-14 dated 25 July 2022 was time-barred and without jurisdiction. Following the Division Bench decision in Hexaware, the court found the notice illegal under the first proviso to Section 149. The subsequent assessment order dated 26 May 2023 was consequently rendered void ab initio as it was based on an inherently jurisdictionless notice. The court ruled that the assessing officer incorrectly applied amended provisions while overlooking expired limitation periods, making the entire proceedings illegal and incurable regardless of forum. The assessee's appeal was allowed. Case-Laws Income Tax Mon, 26 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757908