https://www.taxtmi.com/caselaws?id=461804 Reassessment under the Income-tax Act was found time-barred where the notice under Section 148 for assessment year 2015-16 was issued after expiry of the six-year period under Section 149(1)(b). As the limitation period had ended on 31.03.2022, the reassessment notice could not be sustained, and the consequential notice and order under Sections 148A(b) and 148A(d) were quashed. The challenge was accepted on limitation grounds, with no survival of the later reassessment proceedings. en-us Tue, 17 Dec 2024 00:00:00 +0530 Tue, 29 Apr 2025 18:59:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461804 Reassessment under the Income-tax Act was found time-barred where the notice under Section 148 for assessment year 2015-16 was issued after expiry of the six-year period under Section 149(1)(b). As the limitation period had ended on 31.03.2022, the reassessment notice could not be sustained, and the consequential notice and order under Sections 148A(b) and 148A(d) were quashed. The challenge was accepted on limitation grounds, with no survival of the later reassessment proceedings. Case-Laws Income Tax Tue, 17 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461804