https://www.taxtmi.com/caselaws?id=469120 A reassessment notice under the Income-tax Act was held barred by limitation where the original notice, treated as a Section 148A(b) notice under the Supreme Court's binding directions, left only five days after statutory exclusions and the time allowed for material and response. That period stood extended to seven days under the applicable Fourth Proviso to Section 149(1), but the impugned notice was issued after the last permissible date. The note states that when the balance time available for issuing a reassessment notice falls below the minimum prescribed window after applying the statutory exclusions and deeming fiction, the notice must be issued within the extended statutory period, failing which it is invalid. 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 A reassessment notice under the Income-tax Act was held barred by limitation where the original notice, treated as a Section 148A(b) notice under the Supreme Court's binding directions, left only five days after statutory exclusions and the time allowed for material and response. That period stood extended to seven days under the applicable Fourth Proviso to Section 149(1), but the impugned notice was issued after the last permissible date. The note states that when the balance time available for issuing a reassessment notice falls below the minimum prescribed window after applying the statutory exclusions and deeming fiction, the notice must be issued within the extended statutory period, failing which it is invalid. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469120