https://www.taxtmi.com/caselaws?id=769653 The ITAT Pune quashed a reassessment notice issued under section 148 for being time-barred. Following the SC decision in Rajeev Bansal, the tribunal found the notice was issued after the statutory due date, making it invalid due to limitation. Since the reassessment proceedings were held invalid on this legal ground, the tribunal did not adjudicate the merits of the case regarding unexplained cash deposits. The assessee's appeal was allowed on procedural grounds. en-us Fri, 25 Apr 2025 00:00:00 +0530 Tue, 29 Apr 2025 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769653 The ITAT Pune quashed a reassessment notice issued under section 148 for being time-barred. Following the SC decision in Rajeev Bansal, the tribunal found the notice was issued after the statutory due date, making it invalid due to limitation. Since the reassessment proceedings were held invalid on this legal ground, the tribunal did not adjudicate the merits of the case regarding unexplained cash deposits. The assessee's appeal was allowed on procedural grounds. Case-Laws Income Tax Fri, 25 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769653