https://www.taxtmi.com/caselaws?id=465381 A reassessment notice under Section 148 of the Income-tax Act and the supporting order under Section 148A(d) were held to be barred by limitation because they were issued after the expiry of six years from the end of the relevant assessment year. The Court applied the governing limitation under Section 149(1)(b) and found that the power to reopen had already lapsed when the notice was issued. The subsequent reassessment regime could not revive a time-barred jurisdiction to reopen the assessment, so both the notice and the order were set aside in favour of the assessee. en-us Wed, 09 Oct 2024 00:00:00 +0530 Wed, 17 Dec 2025 16:34:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465381 A reassessment notice under Section 148 of the Income-tax Act and the supporting order under Section 148A(d) were held to be barred by limitation because they were issued after the expiry of six years from the end of the relevant assessment year. The Court applied the governing limitation under Section 149(1)(b) and found that the power to reopen had already lapsed when the notice was issued. The subsequent reassessment regime could not revive a time-barred jurisdiction to reopen the assessment, so both the notice and the order were set aside in favour of the assessee. Case-Laws Income Tax Wed, 09 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465381