https://www.taxtmi.com/caselaws?id=787380 Reassessment initiation for Assessment Year 2013-14 under Sections 148A(d) and 148 was examined against the limitation framework in Section 149(1) of the Income-tax Act, as affected by the Finance Act, 2021 and the relaxation under TOLA. The original period for issuing notice under Section 148 had expired, but the notice dated 31.05.2021 fell within the extended time available under TOLA. After excluding the period from notice issuance to the Ashish Agarwal decision, the Section 148A(b) notice period, and the assessee's response time, only thirty days remained to complete initiation. The impugned order and notice were issued after that balance period expired, so the reassessment was time-barred and invalid. en-us Fri, 27 Feb 2026 00:00:00 +0530 Tue, 03 Mar 2026 08:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787380 Reassessment initiation for Assessment Year 2013-14 under Sections 148A(d) and 148 was examined against the limitation framework in Section 149(1) of the Income-tax Act, as affected by the Finance Act, 2021 and the relaxation under TOLA. The original period for issuing notice under Section 148 had expired, but the notice dated 31.05.2021 fell within the extended time available under TOLA. After excluding the period from notice issuance to the Ashish Agarwal decision, the Section 148A(b) notice period, and the assessee's response time, only thirty days remained to complete initiation. The impugned order and notice were issued after that balance period expired, so the reassessment was time-barred and invalid. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787380