https://www.taxtmi.com/highlights?id=94948 HC held that the second reopening notice dated 03.10.2008 for AY 2003-04 was wholly without jurisdiction and barred by limitation under Section 153(2) read with Sections 147 and 148 of the Income-tax Act. Once the first reassessment notice issued on 28.03.2007 triggered the statutory nine-month period, the assessment had to be completed by 31.12.2007. Revenue's failure to do so could not be cured by issuing a fresh notice. HC quashed the second notice, declared the reassessment proceedings void ab initio, and held that the assessment for AY 2003-04 had attained finality upon expiry of the statutory deadline. en-us Thu, 11 Dec 2025 12:06:13 +0530 Thu, 11 Dec 2025 12:06:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=94948 HC held that the second reopening notice dated 03.10.2008 for AY 2003-04 was wholly without jurisdiction and barred by limitation under Section 153(2) read with Sections 147 and 148 of the Income-tax Act. Once the first reassessment notice issued on 28.03.2007 triggered the statutory nine-month period, the assessment had to be completed by 31.12.2007. Revenue's failure to do so could not be cured by issuing a fresh notice. HC quashed the second notice, declared the reassessment proceedings void ab initio, and held that the assessment for AY 2003-04 had attained finality upon expiry of the statutory deadline. Highlights Income Tax Thu, 11 Dec 2025 12:06:13 +0530 https://www.taxtmi.com/highlights?id=94948