https://www.taxtmi.com/caselaws?id=769308 Delhi HC quashed a reassessment notice under Section 148 for being time-barred. The court applied the Supreme Court's ruling in Union of India v. Rajeev Bansal, which identified three exclusion periods for limitation purposes under Section 149 proviso: 20 April 2020 to 30 June 2021 under TOLA, period from original notice to Ashish Agarwal judgment (04 May 2022), and time allowed for Section 148A(b) response. Even after excluding these periods and adding the 14-day response time, the reassessment notice issued on 23 July 2022 exceeded the prescribed limitation period, as conceded by respondents. en-us Thu, 06 Feb 2025 00:00:00 +0530 Tue, 22 Apr 2025 14:15:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769308 Delhi HC quashed a reassessment notice under Section 148 for being time-barred. The court applied the Supreme Court's ruling in Union of India v. Rajeev Bansal, which identified three exclusion periods for limitation purposes under Section 149 proviso: 20 April 2020 to 30 June 2021 under TOLA, period from original notice to Ashish Agarwal judgment (04 May 2022), and time allowed for Section 148A(b) response. Even after excluding these periods and adding the 14-day response time, the reassessment notice issued on 23 July 2022 exceeded the prescribed limitation period, as conceded by respondents. Case-Laws Income Tax Thu, 06 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769308