https://www.taxtmi.com/caselaws?id=789386 A reassessment notice for Assessment Year 2015-16 issued under the Income-tax Act, 1961 was treated as time-barred under the limitation scheme in Section 149, and the corresponding assessment under Sections 147 and 144B could not be sustained. The text further states that TOLA did not extend the limitation for a notice under Section 148 issued on or after 1 April 2021 for that year, so the reassessment order was correctly quashed and the Revenue's challenge failed. en-us Fri, 27 Feb 2026 00:00:00 +0530 Mon, 06 Apr 2026 18:54:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789386 A reassessment notice for Assessment Year 2015-16 issued under the Income-tax Act, 1961 was treated as time-barred under the limitation scheme in Section 149, and the corresponding assessment under Sections 147 and 144B could not be sustained. The text further states that TOLA did not extend the limitation for a notice under Section 148 issued on or after 1 April 2021 for that year, so the reassessment order was correctly quashed and the Revenue's challenge failed. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789386