https://www.taxtmi.com/caselaws?id=771787 The HC invalidated a reassessment notice issued beyond the statutory limitation period under Section 148 of the Income Tax Act. The court rejected the Revenue's argument that the Supreme Court's Abhisar Buildwell decision permits reopening assessments beyond prescribed time limits. Absent specific incriminating material and clear SC direction, the notice was deemed jurisdictionally defective and set aside. en-us Thu, 22 May 2025 00:00:00 +0530 Fri, 30 May 2025 08:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771787 The HC invalidated a reassessment notice issued beyond the statutory limitation period under Section 148 of the Income Tax Act. The court rejected the Revenue's argument that the Supreme Court's Abhisar Buildwell decision permits reopening assessments beyond prescribed time limits. Absent specific incriminating material and clear SC direction, the notice was deemed jurisdictionally defective and set aside. Case-Laws Income Tax Thu, 22 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771787