https://www.taxtmi.com/caselaws?id=772107 The ITAT Mumbai quashed a re-assessment notice dated 29/07/2022 issued under section 148 for assessment year 2015-16, finding it barred by limitation. Following the Supreme Court precedent in Rajeev Bansal, the tribunal held that the notice was time-barred under the Act's provisions. Consequently, the entire re-assessment proceedings and final assessment order passed under sections 147, 144C(13), and 144B were also quashed. The assessee's appeal was allowed. en-us Fri, 16 May 2025 00:00:00 +0530 Wed, 04 Jun 2025 08:40:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772107 The ITAT Mumbai quashed a re-assessment notice dated 29/07/2022 issued under section 148 for assessment year 2015-16, finding it barred by limitation. Following the Supreme Court precedent in Rajeev Bansal, the tribunal held that the notice was time-barred under the Act's provisions. Consequently, the entire re-assessment proceedings and final assessment order passed under sections 147, 144C(13), and 144B were also quashed. The assessee's appeal was allowed. Case-Laws Income Tax Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772107