https://www.taxtmi.com/caselaws?id=792753 A reassessment notice under section 148 was held time barred where the surviving limitation had to be computed under the post-Ashish Agarwal framework and the Supreme Court's guidance in Rajeev Bansal, including the exclusions in the third proviso to section 149 and the limited extension in the fourth proviso. On that computation, the notice issued on 19.07.2022 fell beyond the available period, and the argument that section 148A(d) independently extended the time for completion was rejected. The notice was therefore invalid, and the reassessment proceedings and consequential assessment order were quashed on limitation grounds. en-us Thu, 14 May 2026 00:00:00 +0530 Wed, 03 Jun 2026 08:50:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792753 A reassessment notice under section 148 was held time barred where the surviving limitation had to be computed under the post-Ashish Agarwal framework and the Supreme Court's guidance in Rajeev Bansal, including the exclusions in the third proviso to section 149 and the limited extension in the fourth proviso. On that computation, the notice issued on 19.07.2022 fell beyond the available period, and the argument that section 148A(d) independently extended the time for completion was rejected. The notice was therefore invalid, and the reassessment proceedings and consequential assessment order were quashed on limitation grounds. Case-Laws Income Tax Thu, 14 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792753