https://www.taxtmi.com/caselaws?id=791124 Under the reassessment regime, the limitation for issuing a fresh notice under section 148 had to be computed by excluding the period during which the deemed show-cause notice remained stayed and the further two weeks allowed for response. Applying that approach, the Tribunal found that the surviving balance period had already expired before 25.07.2022, and the additional seven days under the fourth proviso to section 149 did not save the notice. The jurisdictional notice was therefore time-barred and void ab initio, so the reassessment proceedings and consequential assessment orders could not survive. en-us Mon, 04 May 2026 00:00:00 +0530 Wed, 06 May 2026 08:32:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791124 Under the reassessment regime, the limitation for issuing a fresh notice under section 148 had to be computed by excluding the period during which the deemed show-cause notice remained stayed and the further two weeks allowed for response. Applying that approach, the Tribunal found that the surviving balance period had already expired before 25.07.2022, and the additional seven days under the fourth proviso to section 149 did not save the notice. The jurisdictional notice was therefore time-barred and void ab initio, so the reassessment proceedings and consequential assessment orders could not survive. Case-Laws Income Tax Mon, 04 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791124