https://www.taxtmi.com/caselaws?id=776198 The HC held that the reopening of assessment beyond the limitation period prescribed under section 149, as amended by the Finance Act, 2021, is invalid. The impugned order under section 148A(d), assessment order under sections 147 read with 144B, and notice under section 156, all issued post 01.04.2021, were set aside for being time-barred. The court relied on the SC ruling in Union of India v. Rajeev Bansal and followed the precedent in Mectech Knitfabs Pvt. Ltd. Consequently, the impugned notice and assessment order were quashed. en-us Wed, 23 Jul 2025 00:00:00 +0530 Wed, 06 Aug 2025 08:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776198 The HC held that the reopening of assessment beyond the limitation period prescribed under section 149, as amended by the Finance Act, 2021, is invalid. The impugned order under section 148A(d), assessment order under sections 147 read with 144B, and notice under section 156, all issued post 01.04.2021, were set aside for being time-barred. The court relied on the SC ruling in Union of India v. Rajeev Bansal and followed the precedent in Mectech Knitfabs Pvt. Ltd. Consequently, the impugned notice and assessment order were quashed. Case-Laws Income Tax Wed, 23 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776198