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of <h1>Tax Reassessment Timelines Expanded: Longer Notice Periods and Cooling-Off Window for Substantial Income Cases Under Clause 282</h1> The Income Tax Bill, 2025 introduces Clause 282, modifying reassessment notice time limits. The new provision extends the limitation period to four years and three months for standard cases, and up to six years and three months for substantial income escapement exceeding fifty lakh rupees. A novel one-year cooling-off period is introduced before issuing notices. Compared to the existing Section 149, the changes provide tax authorities a broader window for investigation while attempting to balance taxpayer certainty and revenue protection.
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