https://www.taxtmi.com/caselaws?id=468501 Reassessment notices under section 148 were held to be time-barred because they were issued after the extended outer limitation period under the substituted reassessment regime and the TOLA relaxation. Applying the Supreme Court's guidance on the interaction between the amended reassessment provisions and the relaxation framework in Rajeev Bansal, the Tribunal found that the surviving time to issue notice had already expired. As a result, the notices could not confer jurisdiction to reopen the assessments and were quashed. en-us Mon, 27 Oct 2025 00:00:00 +0530 Sun, 10 May 2026 17:03:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468501 Reassessment notices under section 148 were held to be time-barred because they were issued after the extended outer limitation period under the substituted reassessment regime and the TOLA relaxation. Applying the Supreme Court's guidance on the interaction between the amended reassessment provisions and the relaxation framework in Rajeev Bansal, the Tribunal found that the surviving time to issue notice had already expired. As a result, the notices could not confer jurisdiction to reopen the assessments and were quashed. Case-Laws Income Tax Mon, 27 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468501