https://www.taxtmi.com/caselaws?id=791753 Reassessment notices for assessment year 2015-2016 were held to be within time because the limitation period had to be computed under the applicable old and substituted regimes, including the statutory exclusions and the pandemic-related relaxation framework. The notice under section 148A(b) was issued on the last permissible date, the assessee's response time was excluded, and the section 148A(d) order and consequent section 148 notice were therefore not barred by limitation. The court also accepted that survey material and books of account could satisfy the statutory reference to income represented in the form of an asset under section 149(1)(b), treating the later expansion of that expression as clarificatory. The writ challenge failed. en-us Mon, 23 Feb 2026 00:00:00 +0530 Sat, 16 May 2026 09:09:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791753 Reassessment notices for assessment year 2015-2016 were held to be within time because the limitation period had to be computed under the applicable old and substituted regimes, including the statutory exclusions and the pandemic-related relaxation framework. The notice under section 148A(b) was issued on the last permissible date, the assessee's response time was excluded, and the section 148A(d) order and consequent section 148 notice were therefore not barred by limitation. The court also accepted that survey material and books of account could satisfy the statutory reference to income represented in the form of an asset under section 149(1)(b), treating the later expansion of that expression as clarificatory. The writ challenge failed. Case-Laws Income Tax Mon, 23 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791753