Section 148 Notices for AY 2015-16 Invalid Under New Regime

Amit Kumar Jain Vs ITO (ITAT Surat) AY 2015-16 Reopenings Dead on Arrival: ITAT Surat Quashes All s.148 Notices Post 01.04.2021-TOLA Can’t Revive Time-Barred Years: ITAT Quashes Reopenings for AY 2015-16 The Surat Bench of the ITAT, by a common order dated 31.12.2025, disposed of multiple cross-appeals for AY 2015-16, including Amit Kumar Jain, Hiteshkumar Bhaubhai Ponkia and Vikash Mittal & Sons (HUF), and quashed all reassessment proceedings u/s 147/148 as being barred by limitation. The reassessments had their genesis in notices issued during the transition period following the Suprem...