https://www.taxtmi.com/caselaws?id=772948 Karnataka HC quashed assessment proceedings for AY 2015-16 where notice under Section 148 of IT Act was issued on 01.04.2022, beyond the limitation period. Court held the notice was barred by limitation, relying on SC precedents in Rajeev Bansal and Nehal Ashit cases which established that notices issued after 01.04.2022 for older assessment years are impermissible. The proceedings were deemed invalid as the notice was issued beyond the prescribed limitation period of 01.04.2021 for the relevant assessment year. en-us Thu, 17 Apr 2025 00:00:00 +0530 Tue, 03 Mar 2026 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772948 Karnataka HC quashed assessment proceedings for AY 2015-16 where notice under Section 148 of IT Act was issued on 01.04.2022, beyond the limitation period. Court held the notice was barred by limitation, relying on SC precedents in Rajeev Bansal and Nehal Ashit cases which established that notices issued after 01.04.2022 for older assessment years are impermissible. The proceedings were deemed invalid as the notice was issued beyond the prescribed limitation period of 01.04.2021 for the relevant assessment year. Case-Laws Income Tax Thu, 17 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772948