https://www.taxtmi.com/caselaws?id=791253 The reassessment notice issued on 31.07.2022 for assessment year 2013-14 was held to be beyond limitation after applying the TOLA exclusion and the Supreme Court's reassessment directions. The earlier notice dated 21.06.2021 was treated as a deemed notice under section 148A(b), and the time spent under the stay and the additional two weeks for response had to be excluded when computing the fresh limitation period. On that computation, the remaining time expired before 31.07.2022, making the later notice time-barred. As the foundation notice was invalid, the reassessment proceedings and consequential assessment could not survive. en-us Thu, 16 Apr 2026 00:00:00 +0530 Fri, 08 May 2026 07:29:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791253 The reassessment notice issued on 31.07.2022 for assessment year 2013-14 was held to be beyond limitation after applying the TOLA exclusion and the Supreme Court's reassessment directions. The earlier notice dated 21.06.2021 was treated as a deemed notice under section 148A(b), and the time spent under the stay and the additional two weeks for response had to be excluded when computing the fresh limitation period. On that computation, the remaining time expired before 31.07.2022, making the later notice time-barred. As the foundation notice was invalid, the reassessment proceedings and consequential assessment could not survive. Case-Laws Income Tax Thu, 16 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791253