https://www.taxtmi.com/caselaws?id=769437 ITAT Mumbai held that notice under section 148 issued on 28/07/2022 was barred by limitation period under section 149 of the Act. The tribunal found that no notice under section 148 can be issued after expiry of 3 years from end of relevant assessment year unless case falls under clause (b) to section 149(1). Following SC decisions in Ashish Agarwal and Rajeev Bansal, the tribunal declared the notice void ab initio and quashed entire reassessment proceedings and assessment order under sections 147 and 144B. Assessee's appeal was allowed. en-us Thu, 13 Mar 2025 00:00:00 +0530 Fri, 25 Apr 2025 08:53:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769437 ITAT Mumbai held that notice under section 148 issued on 28/07/2022 was barred by limitation period under section 149 of the Act. The tribunal found that no notice under section 148 can be issued after expiry of 3 years from end of relevant assessment year unless case falls under clause (b) to section 149(1). Following SC decisions in Ashish Agarwal and Rajeev Bansal, the tribunal declared the notice void ab initio and quashed entire reassessment proceedings and assessment order under sections 147 and 144B. Assessee's appeal was allowed. Case-Laws Income Tax Thu, 13 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769437