https://www.taxtmi.com/caselaws?id=773029 The SC examined the validity of a reassessment notice under Section 148 of the Income Tax Act for AY 2014-15. The Court found the notice dated 31.08.2022 was time-barred, as the Assessing Officer had only two days to issue the notice after excluding statutory periods. Relying on precedents, the SC held the notice was unsustainable and set aside all subsequent proceedings, emphasizing strict adherence to procedural limitations in tax reassessment. en-us Mon, 28 Apr 2025 00:00:00 +0530 Tue, 17 Jun 2025 07:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773029 The SC examined the validity of a reassessment notice under Section 148 of the Income Tax Act for AY 2014-15. The Court found the notice dated 31.08.2022 was time-barred, as the Assessing Officer had only two days to issue the notice after excluding statutory periods. Relying on precedents, the SC held the notice was unsustainable and set aside all subsequent proceedings, emphasizing strict adherence to procedural limitations in tax reassessment. Case-Laws Income Tax Mon, 28 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773029