Reassessment Notice Issued Under Section 148 for AY 2015-16 Beyond Ten Years Is Time-Barred and Quashed
Reassessment Notice Issued Under Section 148 for AY 2015-16 Beyond Ten Years Is Time-Barred and Quashed Issue Whether a reassessment notice dated March 31, 2026, issued under Section 148 for Assessment Year 2015-16, was issued beyond the maximum permissible ten-year time limit prescribed under Section 149 and thus liable to be quashed. Facts Assessment Year:… Read More »