https://www.taxtmi.com/caselaws?id=785875 Validity of a notice issued under section 148 is tested against the statutory time bar introduced by the new reassessment regime; the first proviso limits issuance to the prescribed period and does not refer to show-cause or similar preliminary notices, so later provisos cannot extend that initial limitation. Applying prior high court and supreme court authority and the statutory text, the notice dated 20.07.2022 for the relevant assessment year was issued after the six-year limitation expired and thus was time-barred; consequence: the notice, ensuing reassessment proceedings and resulting assessment order are quashed. en-us Wed, 28 Jan 2026 00:00:00 +0530 Mon, 02 Feb 2026 08:20:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785875 Validity of a notice issued under section 148 is tested against the statutory time bar introduced by the new reassessment regime; the first proviso limits issuance to the prescribed period and does not refer to show-cause or similar preliminary notices, so later provisos cannot extend that initial limitation. Applying prior high court and supreme court authority and the statutory text, the notice dated 20.07.2022 for the relevant assessment year was issued after the six-year limitation expired and thus was time-barred; consequence: the notice, ensuing reassessment proceedings and resulting assessment order are quashed. Case-Laws Income Tax Wed, 28 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785875