https://www.taxtmi.com/caselaws?id=791400 Reassessment proceedings were found to be time barred because the notices under section 148A(d) and section 148 were issued beyond the surviving limitation period under section 149(1), as read with the transitional relaxation regime. The tribunal treated the delayed initiation as a jurisdictional defect, holding that a notice issued outside the permissible time cannot sustain reassessment under section 147. The assessment framed on that basis was therefore unsustainable, and the addition arising from the quashed assessment did not survive. en-us Wed, 15 Apr 2026 00:00:00 +0530 Mon, 11 May 2026 09:50:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791400 Reassessment proceedings were found to be time barred because the notices under section 148A(d) and section 148 were issued beyond the surviving limitation period under section 149(1), as read with the transitional relaxation regime. The tribunal treated the delayed initiation as a jurisdictional defect, holding that a notice issued outside the permissible time cannot sustain reassessment under section 147. The assessment framed on that basis was therefore unsustainable, and the addition arising from the quashed assessment did not survive. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791400