https://www.taxtmi.com/caselaws?id=763689 Reassessment action under the new regime could not be sustained for Assessment Year 2015-2016 where the notice under Section 148 was issued on or after 1 April 2021 and fell outside the period treated as permissible under the Taxation and other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. Relying on the Revenue's concession recorded in Rajeev Bansal, the Delhi HC treated the impugned Section 148A(d) action and consequential Section 148 notice as time-barred, and the writ petition was allowed. en-us Fri, 13 Dec 2024 00:00:00 +0530 Thu, 26 Dec 2024 08:45:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763689 Reassessment action under the new regime could not be sustained for Assessment Year 2015-2016 where the notice under Section 148 was issued on or after 1 April 2021 and fell outside the period treated as permissible under the Taxation and other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. Relying on the Revenue's concession recorded in Rajeev Bansal, the Delhi HC treated the impugned Section 148A(d) action and consequential Section 148 notice as time-barred, and the writ petition was allowed. Case-Laws Income Tax Fri, 13 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763689