https://www.taxtmi.com/caselaws?id=465006 ITAT Delhi allowed the assessee's appeal, holding the reassessment proceedings for AY 2015-16 to be barred by limitation. Relying on SC and coordinate bench precedent, the Tribunal held that TOLA did not extend the limitation period for issuance of reassessment notices for AY 2015-16. Consequently, any notice issued on or after 1.4.2021, including the impugned notice dated 25.6.2021, was invalid and liable to be dropped. With the jurisdictional defect being fatal, no adjudication on merits was required and the reassessment was quashed. en-us Fri, 29 Aug 2025 00:00:00 +0530 Mon, 01 Dec 2025 10:58:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465006 ITAT Delhi allowed the assessee's appeal, holding the reassessment proceedings for AY 2015-16 to be barred by limitation. Relying on SC and coordinate bench precedent, the Tribunal held that TOLA did not extend the limitation period for issuance of reassessment notices for AY 2015-16. Consequently, any notice issued on or after 1.4.2021, including the impugned notice dated 25.6.2021, was invalid and liable to be dropped. With the jurisdictional defect being fatal, no adjudication on merits was required and the reassessment was quashed. Case-Laws Income Tax Fri, 29 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465006