https://www.taxtmi.com/caselaws?id=783895 The dominant issue was whether reassessment proceedings under s.147 could be initiated within limitation by applying statutory saving/exclusion of time, and whether sanction under s.151(i) was valid. The HC held that the revenue was entitled to exclusion of the period from 01.04.2021 to 20.03.2022 for computing limitation; upon such exclusion, the s.148 notice dated 25.09.2024 was within time, and the sanction granted by the Principal Commissioner under s.151(i) complied with law. The SC found no error in this determination and declined interference, resulting in dismissal of the challenge and sustaining the reassessment notice and sanction. en-us Mon, 08 Dec 2025 00:00:00 +0530 Wed, 24 Dec 2025 07:51:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783895 The dominant issue was whether reassessment proceedings under s.147 could be initiated within limitation by applying statutory saving/exclusion of time, and whether sanction under s.151(i) was valid. The HC held that the revenue was entitled to exclusion of the period from 01.04.2021 to 20.03.2022 for computing limitation; upon such exclusion, the s.148 notice dated 25.09.2024 was within time, and the sanction granted by the Principal Commissioner under s.151(i) complied with law. The SC found no error in this determination and declined interference, resulting in dismissal of the challenge and sustaining the reassessment notice and sanction. Case-Laws Income Tax Mon, 08 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783895