https://www.taxtmi.com/caselaws?id=773983 The Gujarat HC held that reassessment notices under Section 148 of the Income Tax Act were time-barred and invalid. Following the SC decision in Union of India v. Rajeev Bansal, the notice dated 15.7.2022 was beyond the limitation period. Additionally, the notice dated 30.6.2021 was invalid as only one day remained for issuance under Section 148 after allowing the mandatory 14-day period post the Ashish Agarwal judgment. The petitioner succeeded on limitation grounds, rendering the reassessment proceedings void. en-us Mon, 23 Jun 2025 00:00:00 +0530 Tue, 01 Jul 2025 08:47:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773983 The Gujarat HC held that reassessment notices under Section 148 of the Income Tax Act were time-barred and invalid. Following the SC decision in Union of India v. Rajeev Bansal, the notice dated 15.7.2022 was beyond the limitation period. Additionally, the notice dated 30.6.2021 was invalid as only one day remained for issuance under Section 148 after allowing the mandatory 14-day period post the Ashish Agarwal judgment. The petitioner succeeded on limitation grounds, rendering the reassessment proceedings void. Case-Laws Income Tax Mon, 23 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773983