https://www.taxtmi.com/article/detailed?id=13211 The Supreme Court held that pandemic period extensions of time apply to assessment years whose statutory deadlines fell within the COVID exclusion period, while requiring strict adherence to the post April 1, 2021 reassessment procedures: issuance of a show cause notice under Section 148A, provision of supporting material, and requisite higher level sanctions under Section 151. The Court further ruled that the period between issuing the SCN and the taxpayer's response is excluded from limitation computation, preserving the residual limitation once the taxpayer replies. en-us Sat, 14 Dec 2024 13:56:17 +0530 Mon, 16 Dec 2024 09:23:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13211 The Supreme Court held that pandemic period extensions of time apply to assessment years whose statutory deadlines fell within the COVID exclusion period, while requiring strict adherence to the post April 1, 2021 reassessment procedures: issuance of a show cause notice under Section 148A, provision of supporting material, and requisite higher level sanctions under Section 151. The Court further ruled that the period between issuing the SCN and the taxpayer's response is excluded from limitation computation, preserving the residual limitation once the taxpayer replies. Articles Income Tax Sat, 14 Dec 2024 13:56:17 +0530 https://www.taxtmi.com/article/detailed?id=13211