https://www.taxtmi.com/caselaws?id=469120 Reassessment notice issued under section 148 for assessment year 2014-15 was barred by limitation. The original notice, issued under the relaxation legislation, was treated as a section 148A(b) notice under the Supreme Court's binding directions. After applying statutory exclusions and the periods available for furnishing material and responding, only five days remained for issuing the reassessment notice. The applicable fourth proviso to section 149(1) extended that period to seven days. Issuance after the final permissible date rendered the notice invalid, and the assessee's challenge succeeded. en-us Fri, 21 Mar 2025 00:00:00 +0530 Tue, 02 Jun 2026 21:23:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469120 Reassessment notice issued under section 148 for assessment year 2014-15 was barred by limitation. The original notice, issued under the relaxation legislation, was treated as a section 148A(b) notice under the Supreme Court's binding directions. After applying statutory exclusions and the periods available for furnishing material and responding, only five days remained for issuing the reassessment notice. The applicable fourth proviso to section 149(1) extended that period to seven days. Issuance after the final permissible date rendered the notice invalid, and the assessee's challenge succeeded. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469120