https://www.taxtmi.com/caselaws?id=467305 ITAT Delhi examined whether reassessment proceedings for AY 2015-16 could proceed given the Revenue's recorded undertaking before the Supreme Court and the effect of TOLA and limitation. The Tribunal held that notices issued on or after 1 April 2021 fell within the undertaking and, coupled with the expiry of the six-year limitation by 31 March 2022, reassessment could not be validly continued. Consequentially the Section 148 notice dated 29.07.2022 was quashed and the assessee's appeal allowed. en-us Wed, 19 Nov 2025 00:00:00 +0530 Fri, 13 Mar 2026 18:58:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467305 ITAT Delhi examined whether reassessment proceedings for AY 2015-16 could proceed given the Revenue's recorded undertaking before the Supreme Court and the effect of TOLA and limitation. The Tribunal held that notices issued on or after 1 April 2021 fell within the undertaking and, coupled with the expiry of the six-year limitation by 31 March 2022, reassessment could not be validly continued. Consequentially the Section 148 notice dated 29.07.2022 was quashed and the assessee's appeal allowed. Case-Laws Income Tax Wed, 19 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467305