https://www.taxtmi.com/caselaws?id=463765 ITAT Mumbai held the reassessment notices for AY 2015-16 issued on or after 1 Apr 2021 are invalid under the new TOLA regime and must be dropped, following recent SC rulings on identical grievances. The tribunal applied the Supreme Court's approach that such notices do not fall within the completion period prescribed by the Taxation and Other Laws (Relaxation and Amendment) Act, 2020, and accordingly allowed the assessee's appeal. en-us Fri, 20 Jun 2025 00:00:00 +0530 Tue, 16 Sep 2025 00:39:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463765 ITAT Mumbai held the reassessment notices for AY 2015-16 issued on or after 1 Apr 2021 are invalid under the new TOLA regime and must be dropped, following recent SC rulings on identical grievances. The tribunal applied the Supreme Court's approach that such notices do not fall within the completion period prescribed by the Taxation and Other Laws (Relaxation and Amendment) Act, 2020, and accordingly allowed the assessee's appeal. Case-Laws Income Tax Fri, 20 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463765