https://www.taxtmi.com/caselaws?id=761777 ITAT Mumbai dismissed revenue's appeals and quashed reassessment notices u/s 148 for assessment years 2013-14, 2014-15, and 2015-16 as barred by limitation. The tribunal held that TOLA extended time limits only until 30/06/2021, but notices were issued in July 2022, well beyond the extended deadline. For AY 2015-16, the notice issued on 28/07/2022 was barred under new Section 149(1) provisions and not covered by TOLA. Revenue's contention that TOLA deemed notices as extended was rejected, following Supreme Court precedent in Union of India vs. Ashish Agarwal. en-us Thu, 07 Nov 2024 00:00:00 +0530 Sat, 16 Nov 2024 08:38:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761777 ITAT Mumbai dismissed revenue's appeals and quashed reassessment notices u/s 148 for assessment years 2013-14, 2014-15, and 2015-16 as barred by limitation. The tribunal held that TOLA extended time limits only until 30/06/2021, but notices were issued in July 2022, well beyond the extended deadline. For AY 2015-16, the notice issued on 28/07/2022 was barred under new Section 149(1) provisions and not covered by TOLA. Revenue's contention that TOLA deemed notices as extended was rejected, following Supreme Court precedent in Union of India vs. Ashish Agarwal. Case-Laws Income Tax Thu, 07 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761777