https://www.taxtmi.com/caselaws?id=464964 ITAT Delhi-AT held that reassessment notices issued under section 148 for AYs 2013-14, 2014-15 (dated 27.07.2022) and 2015-16 (dated 26.07.2022) were time-barred under section 149. Relying on the SC decision in Rajeev Bansal, the Tribunal held that the extended timelines under TOLA could not validate notices issued beyond the limitation prescribed under the new regime introduced by Finance Act 2021. As the notices were issued beyond the permissible period, the reassessment proceedings initiated for AYs 2013-14 to 2015-16 were declared invalid and quashed. en-us Thu, 31 Jul 2025 00:00:00 +0530 Wed, 26 Nov 2025 13:19:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464964 ITAT Delhi-AT held that reassessment notices issued under section 148 for AYs 2013-14, 2014-15 (dated 27.07.2022) and 2015-16 (dated 26.07.2022) were time-barred under section 149. Relying on the SC decision in Rajeev Bansal, the Tribunal held that the extended timelines under TOLA could not validate notices issued beyond the limitation prescribed under the new regime introduced by Finance Act 2021. As the notices were issued beyond the permissible period, the reassessment proceedings initiated for AYs 2013-14 to 2015-16 were declared invalid and quashed. Case-Laws Income Tax Thu, 31 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464964