The High Court of Jammu & Kashmir and Ladakh quashed reassessment proceedings for AY 2013–14 as time-barred. A bench of Justice Sindhu Sharma and Justice Shahzad Azeem set aside orders issued under Income Tax Act, 1961 Sections 148A(d) and 148.
Delhi High Court quashed a Section 148 reassessment notice for AY 2015-16, holding it time-barred beyond statutory limits. The court held post-April 1, 2021 search-based reassessments must follow pre-Finance Act Section 153C timelines, rendering the notice legally unsustainable therefore.
