https://www.taxtmi.com/caselaws?id=774988 HC quashed the reassessment notice issued u/s 148 for AY 2015-16 as barred by limitation. The notice, dated 27.07.2022, was based on the pre-31.03.2021 reassessment regime and exceeded the time limit under s.149(1). Relying on its earlier ruling in Makemytrip India Pvt. Ltd., the HC held that TOLA did not extend limitation for such notices for AY 2015-16. This position stood confirmed by the Revenue's concession before SC in Union of India v. Rajeev Bansal. Consequently, the impugned notice was set aside. en-us Fri, 04 Jul 2025 00:00:00 +0530 Sat, 29 Nov 2025 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774988 HC quashed the reassessment notice issued u/s 148 for AY 2015-16 as barred by limitation. The notice, dated 27.07.2022, was based on the pre-31.03.2021 reassessment regime and exceeded the time limit under s.149(1). Relying on its earlier ruling in Makemytrip India Pvt. Ltd., the HC held that TOLA did not extend limitation for such notices for AY 2015-16. This position stood confirmed by the Revenue's concession before SC in Union of India v. Rajeev Bansal. Consequently, the impugned notice was set aside. Case-Laws Income Tax Fri, 04 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774988