https://www.taxtmi.com/caselaws?id=786555 A reassessment notice issued under the new regime was held time barred because the surviving limitation period had to be computed by excluding the interval between the deemed notice and supply of information, together with the statutory reply period, in line with the principle applied in Rajeev Bansal and the Supreme Court directions in Ashish Agarwal. On that computation, the permissible period expired before the notice dated 20-07-2022 was issued, so the notice was invalid and the consequential reassessment proceedings could not stand. The reassessment was therefore quashed as void ab initio in favour of the assessee. en-us Wed, 11 Feb 2026 00:00:00 +0530 Sat, 14 Feb 2026 08:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786555 A reassessment notice issued under the new regime was held time barred because the surviving limitation period had to be computed by excluding the interval between the deemed notice and supply of information, together with the statutory reply period, in line with the principle applied in Rajeev Bansal and the Supreme Court directions in Ashish Agarwal. On that computation, the permissible period expired before the notice dated 20-07-2022 was issued, so the notice was invalid and the consequential reassessment proceedings could not stand. The reassessment was therefore quashed as void ab initio in favour of the assessee. Case-Laws Income Tax Wed, 11 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786555