https://www.taxtmi.com/caselaws?id=776193 The ITAT Mumbai held that reassessment notices issued under Section 148 must comply with the time limits under the Income Tax Act read with TOLA, as affirmed by the SC in Union of India v. Rajeev Bansal. A notice issued beyond the surviving time limit is time-barred. Further, the AO's notice under Section 148 dated 29/07/2022 was invalid as the prior approval required under amended Section 151 must be obtained from the PCCIT, not the PCIT. Since the approval was from the PCIT, the notice was held invalid, rendering the subsequent assessment order liable to be quashed. en-us Thu, 31 Jul 2025 00:00:00 +0530 Wed, 06 Aug 2025 08:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776193 The ITAT Mumbai held that reassessment notices issued under Section 148 must comply with the time limits under the Income Tax Act read with TOLA, as affirmed by the SC in Union of India v. Rajeev Bansal. A notice issued beyond the surviving time limit is time-barred. Further, the AO's notice under Section 148 dated 29/07/2022 was invalid as the prior approval required under amended Section 151 must be obtained from the PCCIT, not the PCIT. Since the approval was from the PCIT, the notice was held invalid, rendering the subsequent assessment order liable to be quashed. Case-Laws Income Tax Thu, 31 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776193