https://www.taxtmi.com/caselaws?id=770408 ITAT Mumbai quashed reassessment notices issued under section 148 for assessment years 2015-16, 2016-17, and 2017-18. For AY 2015-16, the notice dated 29/07/2022 was held invalid as it could not be completed within the TOLA prescribed period, following SC precedent in Rajeev Bansal case. For AY 2016-17 and 2017-18, notices were invalid because approval was obtained from Principal Commissioner instead of Principal Chief Commissioner as required under amended section 151(ii) for notices issued beyond three years. Consequently, all assessment orders passed under sections 147 and 144B were quashed. en-us Fri, 28 Feb 2025 00:00:00 +0530 Sat, 10 May 2025 08:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770408 ITAT Mumbai quashed reassessment notices issued under section 148 for assessment years 2015-16, 2016-17, and 2017-18. For AY 2015-16, the notice dated 29/07/2022 was held invalid as it could not be completed within the TOLA prescribed period, following SC precedent in Rajeev Bansal case. For AY 2016-17 and 2017-18, notices were invalid because approval was obtained from Principal Commissioner instead of Principal Chief Commissioner as required under amended section 151(ii) for notices issued beyond three years. Consequently, all assessment orders passed under sections 147 and 144B were quashed. Case-Laws Income Tax Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770408