https://www.taxtmi.com/caselaws?id=782656 HC applied SC's ruling in Rajeev Bansal to determine the "surviving period" for reassessment under the amended Sections 148/148A read with TOLA. It held that, after excluding the periods deemed stayed and the statutory response time under Section 148A(b), only one day remained for completing the 148A(d) procedure and issuing notice under Section 148. That one day expired on 9 June 2022, whereas the reassessment notice was issued on 25 July 2022 and was therefore time-barred and without jurisdiction. HC rejected Revenue's contention that absence of assessee's reply nullified the surviving-period concept, and quashed the impugned notice. en-us Wed, 19 Nov 2025 00:00:00 +0530 Tue, 02 Jun 2026 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782656 HC applied SC's ruling in Rajeev Bansal to determine the "surviving period" for reassessment under the amended Sections 148/148A read with TOLA. It held that, after excluding the periods deemed stayed and the statutory response time under Section 148A(b), only one day remained for completing the 148A(d) procedure and issuing notice under Section 148. That one day expired on 9 June 2022, whereas the reassessment notice was issued on 25 July 2022 and was therefore time-barred and without jurisdiction. HC rejected Revenue's contention that absence of assessee's reply nullified the surviving-period concept, and quashed the impugned notice. Case-Laws Income Tax Wed, 19 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782656