https://www.taxtmi.com/caselaws?id=784552 For A.Y. 2015-16, the dominant issue was whether reassessment proceedings initiated by a notice issued under s.148 after 1 April 2021 could survive under the amended regime and TOLA. The HC noted the Revenue's concession before the SC that all s.148 notices issued after 1 April 2021 for A.Y. 2015-16 must be dropped, and that this position stood fortified by subsequent SC orders following the Larger Bench ruling. Consequently, the s.148 notice dated 23 April 2022 and all consequential proceedings, including the assessment order, demand, penalty actions, and recovery steps, were quashed and set aside. en-us Wed, 24 Dec 2025 00:00:00 +0530 Tue, 06 Jan 2026 17:43:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784552 For A.Y. 2015-16, the dominant issue was whether reassessment proceedings initiated by a notice issued under s.148 after 1 April 2021 could survive under the amended regime and TOLA. The HC noted the Revenue's concession before the SC that all s.148 notices issued after 1 April 2021 for A.Y. 2015-16 must be dropped, and that this position stood fortified by subsequent SC orders following the Larger Bench ruling. Consequently, the s.148 notice dated 23 April 2022 and all consequential proceedings, including the assessment order, demand, penalty actions, and recovery steps, were quashed and set aside. Case-Laws Income Tax Wed, 24 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784552