https://www.taxtmi.com/caselaws?id=786229 Reopening of assessment was held time barred where the search occurred on 23.11.2021 (Financial Year 2021 22), making AY 2022 23 the first assessment year and AY 2013 14 the tenth; therefore AY 2012 13 fell beyond the ten year limitation and the notice under Section 148 was barred by limitation and set aside. A submitted interpretation of the proviso to Section 149(1) - that limitation for notices could start from the date of search where incriminating material against a third person is first found - was not accepted for resolution and was not dealt with further. en-us Mon, 02 Feb 2026 00:00:00 +0530 Mon, 09 Feb 2026 09:19:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786229 Reopening of assessment was held time barred where the search occurred on 23.11.2021 (Financial Year 2021 22), making AY 2022 23 the first assessment year and AY 2013 14 the tenth; therefore AY 2012 13 fell beyond the ten year limitation and the notice under Section 148 was barred by limitation and set aside. A submitted interpretation of the proviso to Section 149(1) - that limitation for notices could start from the date of search where incriminating material against a third person is first found - was not accepted for resolution and was not dealt with further. Case-Laws Income Tax Mon, 02 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786229