https://www.taxtmi.com/caselaws?id=767609 ITAT Kolkata held that reassessment notice u/s 148 issued on 30.06.2022 for AY 2015-16 was barred by limitation. The notice was issued beyond the TOLA period, which only provided extension benefits for notices issued between 01.04.2021 to 30.06.2021 where limitation was expiring between 20.03.2020 to 31.03.2021. Since limitation for AY 2015-16 expired on 31.03.2022, TOLA benefits were inapplicable. The assessment order was quashed and assessee's appeal allowed. en-us Wed, 19 Mar 2025 00:00:00 +0530 Fri, 21 Mar 2025 08:25:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767609 ITAT Kolkata held that reassessment notice u/s 148 issued on 30.06.2022 for AY 2015-16 was barred by limitation. The notice was issued beyond the TOLA period, which only provided extension benefits for notices issued between 01.04.2021 to 30.06.2021 where limitation was expiring between 20.03.2020 to 31.03.2021. Since limitation for AY 2015-16 expired on 31.03.2022, TOLA benefits were inapplicable. The assessment order was quashed and assessee's appeal allowed. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767609