https://www.taxtmi.com/caselaws?id=471583 A reassessment notice for assessment year 2015-16 was invalid under the first proviso to section 149(1) because it was issued after the prescribed limitation period. The recorded reasons did not allege that the assessee had failed to disclose fully and truly all material facts necessary for assessment, a condition relevant to reopening beyond the ordinary period. The assessment founded on the time-barred notice was consequently quashed in favour of the assessee. en-us Tue, 08 Apr 2025 00:00:00 +0530 Wed, 09 Sep 2026 19:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471583 A reassessment notice for assessment year 2015-16 was invalid under the first proviso to section 149(1) because it was issued after the prescribed limitation period. The recorded reasons did not allege that the assessee had failed to disclose fully and truly all material facts necessary for assessment, a condition relevant to reopening beyond the ordinary period. The assessment founded on the time-barred notice was consequently quashed in favour of the assessee. Case-Laws Income Tax Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471583