https://www.taxtmi.com/caselaws?id=769561 ITAT Mumbai held that reassessment notices issued under Section 148 for assessment year 2015-16 were barred by limitation. The tribunal relied on Revenue's concession before SC in a similar case that notices issued on or after 1st April 2021 would be dropped as they could not be completed within the prescribed period under TOLA 2020. Following precedent from Delhi HC, the tribunal quashed the reassessment notice and decided in favor of the assessee. en-us Thu, 24 Apr 2025 00:00:00 +0530 Mon, 28 Apr 2025 08:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769561 ITAT Mumbai held that reassessment notices issued under Section 148 for assessment year 2015-16 were barred by limitation. The tribunal relied on Revenue's concession before SC in a similar case that notices issued on or after 1st April 2021 would be dropped as they could not be completed within the prescribed period under TOLA 2020. Following precedent from Delhi HC, the tribunal quashed the reassessment notice and decided in favor of the assessee. Case-Laws Income Tax Thu, 24 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769561