https://www.taxtmi.com/caselaws?id=472109 Reassessment notices for assessment years up to 2021-22 remain governed by the earlier limitation period under the first proviso to section 149(1)(b); accordingly, a notice for AY 2015-16 issued after expiry of its six-year period is time-barred, rendering the consequential section 147 assessment unsustainable. Where a notice for AY 2016-17 is issued more than three years after the end of that year, section 151(ii) requires prior approval from the Principal Chief Commissioner or another specified authority. Approval from a Principal Commissioner is insufficient, invalidating the reassessment and consequential assessment. en-us Wed, 16 Apr 2025 00:00:00 +0530 Wed, 30 Sep 2026 08:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472109 Reassessment notices for assessment years up to 2021-22 remain governed by the earlier limitation period under the first proviso to section 149(1)(b); accordingly, a notice for AY 2015-16 issued after expiry of its six-year period is time-barred, rendering the consequential section 147 assessment unsustainable. Where a notice for AY 2016-17 is issued more than three years after the end of that year, section 151(ii) requires prior approval from the Principal Chief Commissioner or another specified authority. Approval from a Principal Commissioner is insufficient, invalidating the reassessment and consequential assessment. Case-Laws Income Tax Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472109