https://www.taxtmi.com/caselaws?id=466033 Validity of reopening of assessment concerns whether pre-existing six-year limitation under the old regime continued to apply for assessment year 2016-17 and whether the new ten-year limitation applies only prospectively. The analysis finds that the six-year period from the end of AY 2016-17 expired on 31.03.2023, and the notice issued thereafter is time-barred; consequently the notice is invalidated. The new regime's ten-year limitation is treated as prospective, so it does not retroactively revive notices issued after the old regime limitation expired. en-us Thu, 14 Nov 2024 00:00:00 +0530 Tue, 20 Jan 2026 21:18:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466033 Validity of reopening of assessment concerns whether pre-existing six-year limitation under the old regime continued to apply for assessment year 2016-17 and whether the new ten-year limitation applies only prospectively. The analysis finds that the six-year period from the end of AY 2016-17 expired on 31.03.2023, and the notice issued thereafter is time-barred; consequently the notice is invalidated. The new regime's ten-year limitation is treated as prospective, so it does not retroactively revive notices issued after the old regime limitation expired. Case-Laws Income Tax Thu, 14 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466033