https://www.taxtmi.com/caselaws?id=768416 A reassessment notice under Section 148 for AY 2014-15 was issued after the six-year limitation period had expired on 31.03.2021. Applying the limitation framework governing reassessment, the Delhi HC held that a notice issued after expiry of the relevant period cannot be sustained. The notice was therefore time-barred and was set aside in favour of the assessee. The stated principle is that a reassessment notice under the new regime is invalid once the limitation period applicable to the assessment year has already lapsed. en-us Mon, 11 Nov 2024 00:00:00 +0530 Mon, 07 Apr 2025 08:32:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768416 A reassessment notice under Section 148 for AY 2014-15 was issued after the six-year limitation period had expired on 31.03.2021. Applying the limitation framework governing reassessment, the Delhi HC held that a notice issued after expiry of the relevant period cannot be sustained. The notice was therefore time-barred and was set aside in favour of the assessee. The stated principle is that a reassessment notice under the new regime is invalid once the limitation period applicable to the assessment year has already lapsed. Case-Laws Income Tax Mon, 11 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768416