https://www.taxtmi.com/caselaws?id=774438 ITAT Delhi quashed reassessment notice u/s 148 issued on 18/07/2022 for AY 2015-16 as time-barred. The tribunal held that notices issued after 01/04/2021 for AY 2015-16 exceeded the six-year limitation period which expired on 31/03/2022. Following SC precedent in Rajiv Bansal, the tribunal confirmed TOLA provisions were inapplicable for AY 2015-16, making the reassessment notice invalid under old section 149 provisions. The assessment was decided in favor of the assessee. en-us Tue, 27 May 2025 00:00:00 +0530 Wed, 09 Jul 2025 08:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774438 ITAT Delhi quashed reassessment notice u/s 148 issued on 18/07/2022 for AY 2015-16 as time-barred. The tribunal held that notices issued after 01/04/2021 for AY 2015-16 exceeded the six-year limitation period which expired on 31/03/2022. Following SC precedent in Rajiv Bansal, the tribunal confirmed TOLA provisions were inapplicable for AY 2015-16, making the reassessment notice invalid under old section 149 provisions. The assessment was decided in favor of the assessee. Case-Laws Income Tax Tue, 27 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774438