https://www.taxtmi.com/caselaws?id=470611 Reassessment initiated beyond three years from the end of the relevant assessment year requires approval under Section 151 from the Principal Chief Commissioner or Principal Director General, or, where absent, the Chief Commissioner or Director General. Approval by a Principal Commissioner does not meet this statutory requirement, invalidating the reassessment proceedings. Limitation must also be calculated by applying the rules for deemed notices and excluding the period allowed for response under Section 148A(b). Where the surviving period expires before issuance of the Section 148 notice, the notice is time-barred and consequential reassessment cannot stand. en-us Wed, 29 Apr 2026 00:00:00 +0530 Fri, 31 Jul 2026 19:03:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470611 Reassessment initiated beyond three years from the end of the relevant assessment year requires approval under Section 151 from the Principal Chief Commissioner or Principal Director General, or, where absent, the Chief Commissioner or Director General. Approval by a Principal Commissioner does not meet this statutory requirement, invalidating the reassessment proceedings. Limitation must also be calculated by applying the rules for deemed notices and excluding the period allowed for response under Section 148A(b). Where the surviving period expires before issuance of the Section 148 notice, the notice is time-barred and consequential reassessment cannot stand. Case-Laws Income Tax Wed, 29 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470611