https://www.taxtmi.com/caselaws?id=799442 Section 152(3) preserves the pre-Finance (No. 2) Act, 2024 reassessment framework under Sections 147 to 151 where a third-party search was initiated between 1 April 2021 and 1 September 2024. For such searches, the pre-amendment Explanation 2(iv) to Section 148 continues to apply despite its later omission. The Assessing Officer is consequently deemed to possess information suggesting income escaping assessment and may issue a reassessment notice directly under Section 148 without first issuing a notice under Section 148A(b). en-us Mon, 14 Sep 2026 00:00:00 +0530 Tue, 22 Sep 2026 08:17:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799442 Section 152(3) preserves the pre-Finance (No. 2) Act, 2024 reassessment framework under Sections 147 to 151 where a third-party search was initiated between 1 April 2021 and 1 September 2024. For such searches, the pre-amendment Explanation 2(iv) to Section 148 continues to apply despite its later omission. The Assessing Officer is consequently deemed to possess information suggesting income escaping assessment and may issue a reassessment notice directly under Section 148 without first issuing a notice under Section 148A(b). Case-Laws Income Tax Mon, 14 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799442