https://www.taxtmi.com/caselaws?id=773371 ITAT Delhi held that reassessment notice u/s 148 dated 29.07.2022 was time-barred. The surviving period after original notice u/s 148 under old law was only 7 days before 30.06.2021. Following SC precedent in UOI vs. Rajeev Bansal regarding exclusion periods, the limitation for issuing notice under new law expired on 24.06.2022. Since AO issued notice on 29.07.2022, more than a month after limitation expiry, both the notice and subsequent reassessment order dated 29.05.2023 were quashed as barred by limitation. Appeal decided in favor of assessee. en-us Wed, 18 Jun 2025 00:00:00 +0530 Sat, 21 Jun 2025 08:29:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773371 ITAT Delhi held that reassessment notice u/s 148 dated 29.07.2022 was time-barred. The surviving period after original notice u/s 148 under old law was only 7 days before 30.06.2021. Following SC precedent in UOI vs. Rajeev Bansal regarding exclusion periods, the limitation for issuing notice under new law expired on 24.06.2022. Since AO issued notice on 29.07.2022, more than a month after limitation expiry, both the notice and subsequent reassessment order dated 29.05.2023 were quashed as barred by limitation. Appeal decided in favor of assessee. Case-Laws Income Tax Wed, 18 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773371