https://www.taxtmi.com/caselaws?id=787298 Notice under section 148 issued on 25.07.2022 for AY 2015-16 was held time-barred because the six-year limitation under the pre-amendment regime had expired on 31.03.2022; consequently reassessment proceedings lacked jurisdiction and were quashed. The Tribunal applied the Rajeev Bansal line of authority and the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 to conclude that the extended ten-year limitation operates prospectively and does not validate notices issued after expiry of the original six-year period for years beginning on or before 1 April 2021. en-us Fri, 09 Jan 2026 00:00:00 +0530 Mon, 02 Mar 2026 08:34:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787298 Notice under section 148 issued on 25.07.2022 for AY 2015-16 was held time-barred because the six-year limitation under the pre-amendment regime had expired on 31.03.2022; consequently reassessment proceedings lacked jurisdiction and were quashed. The Tribunal applied the Rajeev Bansal line of authority and the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 to conclude that the extended ten-year limitation operates prospectively and does not validate notices issued after expiry of the original six-year period for years beginning on or before 1 April 2021. Case-Laws Income Tax Fri, 09 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787298