https://www.taxtmi.com/caselaws?id=459679 Gujarat HC quashed reassessment notice under Section 148 for Assessment Year 2013-14, holding it time-barred. The court ruled that notices issued between 01.04.2021 to 30.06.2021 under the old regime exceeded the prescribed six-year limitation period from the end of the relevant assessment year. Following precedents from Keenara Industries and Allahabad HC's Rajeev Bansal decision, the court declared such notices beyond permissible timeline and without jurisdiction. The reassessment notice and all consequential actions were quashed. en-us Fri, 31 Mar 2023 00:00:00 +0530 Sun, 22 Dec 2024 12:43:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459679 Gujarat HC quashed reassessment notice under Section 148 for Assessment Year 2013-14, holding it time-barred. The court ruled that notices issued between 01.04.2021 to 30.06.2021 under the old regime exceeded the prescribed six-year limitation period from the end of the relevant assessment year. Following precedents from Keenara Industries and Allahabad HC's Rajeev Bansal decision, the court declared such notices beyond permissible timeline and without jurisdiction. The reassessment notice and all consequential actions were quashed. Case-Laws Income Tax Fri, 31 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459679