https://www.taxtmi.com/caselaws?id=792823 For Assessment Year 2015-16, a reassessment notice issued under section 148 on 04.04.2022 was treated as barred by limitation because it was issued after 31.03.2022, the outer time limit under the first proviso to section 149(1)(b) of the Income-tax Act, 1961. Applying Union of India v. Rajeev Bansal, as reiterated in ITO v. Sai Kumar Mateti, and following coordinate Bench decisions, the notice was held incapable of sustaining reassessment. The reassessment framed on that notice was therefore invalid. en-us Thu, 14 May 2026 00:00:00 +0530 Thu, 04 Jun 2026 08:37:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792823 For Assessment Year 2015-16, a reassessment notice issued under section 148 on 04.04.2022 was treated as barred by limitation because it was issued after 31.03.2022, the outer time limit under the first proviso to section 149(1)(b) of the Income-tax Act, 1961. Applying Union of India v. Rajeev Bansal, as reiterated in ITO v. Sai Kumar Mateti, and following coordinate Bench decisions, the notice was held incapable of sustaining reassessment. The reassessment framed on that notice was therefore invalid. Case-Laws Income Tax Thu, 14 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792823