https://www.taxtmi.com/caselaws?id=790976 Reassessment notice under section 148 was held time-barred for assessment year 2015-16 because it was issued after the limitation period preserved by the first proviso to section 149(1)(b). The Tribunal applied its earlier decisions and binding jurisdictional precedent to hold that, for assessment years beginning on or before 01.04.2021, a notice cannot be sustained if it was already barred under the unamended limitation regime. Earlier proceedings under section 148A(b) did not cure the delay in issuing the section 148 notice. As the notice failed on limitation, the reassessment proceedings were vitiated and the remaining grounds did not survive. en-us Thu, 30 Apr 2026 00:00:00 +0530 Mon, 04 May 2026 12:10:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790976 Reassessment notice under section 148 was held time-barred for assessment year 2015-16 because it was issued after the limitation period preserved by the first proviso to section 149(1)(b). The Tribunal applied its earlier decisions and binding jurisdictional precedent to hold that, for assessment years beginning on or before 01.04.2021, a notice cannot be sustained if it was already barred under the unamended limitation regime. Earlier proceedings under section 148A(b) did not cure the delay in issuing the section 148 notice. As the notice failed on limitation, the reassessment proceedings were vitiated and the remaining grounds did not survive. Case-Laws Income Tax Thu, 30 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790976