https://www.taxtmi.com/caselaws?id=770352 Delhi HC quashed Section 148 notice for assessment year 2015-16, holding it was issued beyond the limitation period prescribed under Section 149(1). The court followed its precedent in Makemytrip India Pvt. Ltd., where a similar notice dated 27.07.2022 was deemed time-barred. Revenue conceded that Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act (TOLA) was not applicable to such notices for AY 2015-16, as established in Union of India v. Rajeev Bansal by SC. The reopening assessment notice was consequently set aside for being issued outside statutory limitation period. en-us Mon, 28 Apr 2025 00:00:00 +0530 Fri, 09 May 2025 09:12:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770352 Delhi HC quashed Section 148 notice for assessment year 2015-16, holding it was issued beyond the limitation period prescribed under Section 149(1). The court followed its precedent in Makemytrip India Pvt. Ltd., where a similar notice dated 27.07.2022 was deemed time-barred. Revenue conceded that Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act (TOLA) was not applicable to such notices for AY 2015-16, as established in Union of India v. Rajeev Bansal by SC. The reopening assessment notice was consequently set aside for being issued outside statutory limitation period. Case-Laws Income Tax Mon, 28 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770352