https://www.taxtmi.com/caselaws?id=464974 ITAT Delhi held that reassessment proceedings for AY 2015-16 initiated under s.148 on or after 1.4.2021 are barred by limitation under the new reassessment regime and inapplicable extension provisions of TOLA. The notice issued on 30.07.2022 was therefore invalid, rendering the consequential reassessment order void ab initio. The Tribunal quashed the impugned reassessment order in entirety, holding it bad in law. All grounds raised by the assessee challenging the validity of the reopening and reassessment were allowed. en-us Wed, 23 Jul 2025 00:00:00 +0530 Thu, 27 Nov 2025 14:03:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464974 ITAT Delhi held that reassessment proceedings for AY 2015-16 initiated under s.148 on or after 1.4.2021 are barred by limitation under the new reassessment regime and inapplicable extension provisions of TOLA. The notice issued on 30.07.2022 was therefore invalid, rendering the consequential reassessment order void ab initio. The Tribunal quashed the impugned reassessment order in entirety, holding it bad in law. All grounds raised by the assessee challenging the validity of the reopening and reassessment were allowed. Case-Laws Income Tax Wed, 23 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464974