https://www.taxtmi.com/caselaws?id=801494 The first proviso to section 149(1)(b) retains the limitation period under the earlier reassessment regime for assessment years up to 2021-22. A notice under the new regime cannot be issued once the corresponding six-year period available under the earlier regime has expired. For assessment year 2016-17, the six-year period ended on 31 March 2023; a reassessment notice issued on 31 August 2024 was therefore time-barred. The reassessment proceedings were barred by limitation, resulting in quashing of the section 148A(d) order and section 148 notice. en-us Mon, 28 Sep 2026 00:00:00 +0530 Thu, 22 Oct 2026 08:38:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801494 The first proviso to section 149(1)(b) retains the limitation period under the earlier reassessment regime for assessment years up to 2021-22. A notice under the new regime cannot be issued once the corresponding six-year period available under the earlier regime has expired. For assessment year 2016-17, the six-year period ended on 31 March 2023; a reassessment notice issued on 31 August 2024 was therefore time-barred. The reassessment proceedings were barred by limitation, resulting in quashing of the section 148A(d) order and section 148 notice. Case-Laws Income Tax Mon, 28 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801494