https://www.taxtmi.com/caselaws?id=789586 A reassessment notice issued under the substituted reassessment regime was treated as a deemed notice and tested against the new limitation framework, including applicable exclusions. Because the escaped income crossed the monetary threshold for the extended ten-year period, the 2022 notice fell within time and the reassessment was not barred by limitation. On the writ challenge, the court declined interference because the capital gains dispute turned on factual questions about the property and the sale, which were better suited to the statutory appellate forum. Liberty was left open to pursue appeal and interim protection. en-us Tue, 20 Jan 2026 00:00:00 +0530 Fri, 10 Apr 2026 09:00:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789586 A reassessment notice issued under the substituted reassessment regime was treated as a deemed notice and tested against the new limitation framework, including applicable exclusions. Because the escaped income crossed the monetary threshold for the extended ten-year period, the 2022 notice fell within time and the reassessment was not barred by limitation. On the writ challenge, the court declined interference because the capital gains dispute turned on factual questions about the property and the sale, which were better suited to the statutory appellate forum. Liberty was left open to pursue appeal and interim protection. Case-Laws Income Tax Tue, 20 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789586