https://www.taxtmi.com/highlights?id=105280 Reassessment limitation for assessment years commencing on or before 1 April 2021 remains governed by the first proviso to Section 149(1), which preserves the pre-amendment limitation. A post-amendment search cannot by itself invoke the substituted ten-year period. The six-year period under Section 153A covers years immediately preceding the search assessment year, while the ten-year period under Explanation 1 runs from the end of, and includes, the search assessment year. On that computation, A.Y. 2012-13 lay outside both periods, rendering the reassessment notice and consequential proceedings time-barred and quashed. en-us Thu, 22 Oct 2026 08:38:37 +0530 Thu, 22 Oct 2026 08:38:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105280 Reassessment limitation for assessment years commencing on or before 1 April 2021 remains governed by the first proviso to Section 149(1), which preserves the pre-amendment limitation. A post-amendment search cannot by itself invoke the substituted ten-year period. The six-year period under Section 153A covers years immediately preceding the search assessment year, while the ten-year period under Explanation 1 runs from the end of, and includes, the search assessment year. On that computation, A.Y. 2012-13 lay outside both periods, rendering the reassessment notice and consequential proceedings time-barred and quashed. Highlights Income Tax Thu, 22 Oct 2026 08:38:37 +0530 https://www.taxtmi.com/highlights?id=105280