https://www.taxtmi.com/caselaws?id=759665 SC held that reassessment notices issued under Section 148 of the new regime between July-September 2022 are valid if issued within surviving time limits under the Income Tax Act read with TOLA. The Court clarified that TOLA continues to apply post-April 2021 for actions falling between March 2020-March 2021. Directions in Ashish Agarwal extend to all 90,000 reassessment notices issued under old regime during April-June 2021, deemed as show cause notices under new regime. Notices issued beyond surviving time limits are time-barred and invalid. Multiple HC judgments set aside to this extent. en-us Thu, 03 Oct 2024 00:00:00 +0530 Wed, 25 Jun 2025 12:33:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759665 SC held that reassessment notices issued under Section 148 of the new regime between July-September 2022 are valid if issued within surviving time limits under the Income Tax Act read with TOLA. The Court clarified that TOLA continues to apply post-April 2021 for actions falling between March 2020-March 2021. Directions in Ashish Agarwal extend to all 90,000 reassessment notices issued under old regime during April-June 2021, deemed as show cause notices under new regime. Notices issued beyond surviving time limits are time-barred and invalid. Multiple HC judgments set aside to this extent. Case-Laws Income Tax Thu, 03 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759665