https://www.taxtmi.com/caselaws?id=781832 ITAT Delhi-AT allowed the assessee's appeal and quashed the reassessment initiated u/s 147/148 for AY 2015-16. The notice dated 30.06.2022 was held to be time-barred under the amended Section 149(1), as it was issued beyond the prescribed limitation period. Relying on the ruling in Mytrip India (Del HC) and the LB decision in UOI v. Rajeev Bansal (SC), the Tribunal held that TOLA did not extend the limitation for such notices. Consequently, the impugned reassessment notice and proceedings were set aside. en-us Wed, 15 Oct 2025 00:00:00 +0530 Fri, 21 Nov 2025 08:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781832 ITAT Delhi-AT allowed the assessee's appeal and quashed the reassessment initiated u/s 147/148 for AY 2015-16. The notice dated 30.06.2022 was held to be time-barred under the amended Section 149(1), as it was issued beyond the prescribed limitation period. Relying on the ruling in Mytrip India (Del HC) and the LB decision in UOI v. Rajeev Bansal (SC), the Tribunal held that TOLA did not extend the limitation for such notices. Consequently, the impugned reassessment notice and proceedings were set aside. Case-Laws Income Tax Wed, 15 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781832