Beyond the Deadline: Reassessment Quashed Following SC’s Rajeev Bansal Ruling

Hareshbhai Parshottambhai Vekariya Vs National Faceless Appeal Centre (ITAT Ahmedabad) Notice u/s 148 Issued Beyond Limitation – Reassessment Declared Void Ab Initio Following Supreme Court’s Rajeev Bansal Ruling Assessee challenged the validity of reassessment initiated through notice u/s 148 issued on 31.08.2022. Tribunal examined the statutory timeline & found that, after applying the limitation-extension logic per section 148A(b) & computing the permissible period, the last date for a valid notice was 03.08.2022. The Department issued the notice 28 days late. Relying squarely o...