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    <description>For Assessment Year 2015-16, a reassessment notice issued after the applicable outer limitation date was described as invalid. Applying the Revenue&#039;s concession recorded in the governing Supreme Court ruling, notices issued after 1 April 2021 for that year had to be dropped where reassessment could not be completed within the period preserved by the relevant extension regime. The note states that the delayed notice was time-barred and that the consequential reassessment order was quashed.</description>
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