https://www.taxtmi.com/caselaws?id=772053 The HC examined the validity of a reassessment notice issued under Section 148 for AY 2015-16 after 1 April 2021. Relying on SC precedents in Rajeev Bansal and Deepak Steel, the court held that such notices are barred by limitation. The court quashed the reassessment notice, accepting the Revenue's concession that notices issued after 1 April 2021 for AY 2015-16 cannot be sustained under the amended tax regime and TOLA Act, 2020. en-us Fri, 30 May 2025 00:00:00 +0530 Tue, 03 Jun 2025 08:50:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772053 The HC examined the validity of a reassessment notice issued under Section 148 for AY 2015-16 after 1 April 2021. Relying on SC precedents in Rajeev Bansal and Deepak Steel, the court held that such notices are barred by limitation. The court quashed the reassessment notice, accepting the Revenue's concession that notices issued after 1 April 2021 for AY 2015-16 cannot be sustained under the amended tax regime and TOLA Act, 2020. Case-Laws Income Tax Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772053