https://www.taxtmi.com/highlights?id=97826 The text clarifies computation of limitation for reassessment following a search: the statutory language creates two distinct periods - a six-assessment-year window that excludes the assessment year corresponding to the previous year of the search, and a separate ten-assessment-year outer limit that is reckoned from the end of the search assessment year and therefore includes that year as the first of the ten. Applying this construction, the ten-year outer limit can render reopening for a specified assessment year time-barred; accordingly, notices issued beyond that ten-year block were held invalid in the described instance. en-us Wed, 18 Mar 2026 08:21:00 +0530 Wed, 18 Mar 2026 08:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97826 The text clarifies computation of limitation for reassessment following a search: the statutory language creates two distinct periods - a six-assessment-year window that excludes the assessment year corresponding to the previous year of the search, and a separate ten-assessment-year outer limit that is reckoned from the end of the search assessment year and therefore includes that year as the first of the ten. Applying this construction, the ten-year outer limit can render reopening for a specified assessment year time-barred; accordingly, notices issued beyond that ten-year block were held invalid in the described instance. Highlights Income Tax Wed, 18 Mar 2026 08:21:00 +0530 https://www.taxtmi.com/highlights?id=97826