https://www.taxtmi.com/caselaws?id=774403 The ITAT Chennai held that a notice issued under section 148 of the New Regime dated 28.07.2022 for assessment year 2013-14 was time-barred by 35 days. Following Supreme Court precedent in Rajeev Bansal, the tribunal applied the surviving period computation method, which requires all procedures under sections 148A(c), 148A(d), and 148 to be completed within the surviving period calculated from the date of receipt of the assessee's response. The reassessment order was consequently set aside and the assessee's appeal was allowed. en-us Thu, 03 Jul 2025 00:00:00 +0530 Tue, 08 Jul 2025 14:51:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774403 The ITAT Chennai held that a notice issued under section 148 of the New Regime dated 28.07.2022 for assessment year 2013-14 was time-barred by 35 days. Following Supreme Court precedent in Rajeev Bansal, the tribunal applied the surviving period computation method, which requires all procedures under sections 148A(c), 148A(d), and 148 to be completed within the surviving period calculated from the date of receipt of the assessee's response. The reassessment order was consequently set aside and the assessee's appeal was allowed. Case-Laws Income Tax Thu, 03 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774403