https://www.taxtmi.com/caselaws?id=772874 The HC stayed a notice under Section 148 of the Income Tax Act for assessment year 2014-2015 issued following a search under Section 132. The petitioner successfully argued that the notice was barred by limitation as the extended timelines under amended Section 149 cannot apply retrospectively to assessment years beginning before 1st April 2021. The Court found the petitioner established a prima facie case on jurisdictional grounds, ruling the notice constituted a colourable exercise of power beyond the Assessing Officer's lawful authority. The stay remains effective pending final disposal of the writ petition. en-us Wed, 11 Jun 2025 00:00:00 +0530 Fri, 27 Jun 2025 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772874 The HC stayed a notice under Section 148 of the Income Tax Act for assessment year 2014-2015 issued following a search under Section 132. The petitioner successfully argued that the notice was barred by limitation as the extended timelines under amended Section 149 cannot apply retrospectively to assessment years beginning before 1st April 2021. The Court found the petitioner established a prima facie case on jurisdictional grounds, ruling the notice constituted a colourable exercise of power beyond the Assessing Officer's lawful authority. The stay remains effective pending final disposal of the writ petition. Case-Laws Income Tax Wed, 11 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772874