https://www.taxtmi.com/caselaws?id=767609 A reassessment notice issued under section 148 for assessment year 2015-16 was held beyond the surviving limitation period after the substituted reassessment regime took effect. The analysis applied the time limits under section 149 and the extension framework under TOLA as interpreted in Rajeev Bansal, but those provisions did not save a notice issued on 30.06.2022 where the permissible period had already expired on 31.03.2022. The notice was therefore time-barred and without jurisdiction, and the reassessment addition could not stand. en-us Wed, 19 Mar 2025 00:00:00 +0530 Fri, 21 Mar 2025 08:25:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767609 A reassessment notice issued under section 148 for assessment year 2015-16 was held beyond the surviving limitation period after the substituted reassessment regime took effect. The analysis applied the time limits under section 149 and the extension framework under TOLA as interpreted in Rajeev Bansal, but those provisions did not save a notice issued on 30.06.2022 where the permissible period had already expired on 31.03.2022. The notice was therefore time-barred and without jurisdiction, and the reassessment addition could not stand. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767609