S. 149 : Reassessment-Time limit for notice-For AY. 2013-14, limitation under erstwhile provisions expired on 31-03-2020-Reopening notice issued after 31-03-2021 held to be time-barred. [S. 148, Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020, S. 3, Art. 226]

S. 149 : Reassessment-Time limit for notice-(AY. 2013-14)-Notice issued in July 2022 pursuant to Supreme Court decision in Ashish Agarwal is barred by limitation as the time limit under the unamended Act, including extensions under TOLA, had expired on 31.03.2021. [S. 147, 148, 148A, Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020, S. 3]

S. 149 : Reassessment-Time limit for notice-Notice for AY 2014-15 issued on 25.07.2022-Time limit under pre-amended law having expired on 31.03.2021-Notice held time-barred and quashed in view of first proviso to substituted Section 149. [S. 148, 148A(b),148A(d), Art. 226]

S. 149 : Reassessment-Time limit for notice-For AY. 2014-15, deadline expired on 31.03.2021-Notice issued on 25.07.2022 is barred by limitation. [S. 148, 148A(b), 148A(d), Art. 226]

S. 149 : Reassessment-Time limit for notice-For AY 2015-16, the six-year limitation period expired on 31.03.2022. Notice under Section 148 issued on 25.07.2022 was barred by limitation per the first proviso to Section 149, rendering consequential proceedings void. [S. 147, 148, 148A(b), 148A(d), Art. 226]

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Notice to a dead person: Proceedings under Section 148A conducted and notice under Section 148 issued against a deceased assessee are non-est and void ab initio. [S.148 148A(b), 148A(d), Art. 226]

S. 148A : Reassessment-Inquiry before issuance of notice-Notice to deceased person-Proceedings not held invalid where legal heir was evasive and ITO noted death for future compliance. [S. 142, 148,148A(b), 148A(d), 159, Art. 226]

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Notice to dead person-Notice under section 148A issued to a deceased assessee is a nullity and vitiates entire proceedings. [S. 119,148, 148A(b) 148A(d), Art. 226]]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Capital gains –Penny stock-Report passed by SEBI with respect to investigation of penny stock being allotted on preferential allotment basis by company-Kamalakshi Finance Corporation Ltd. (“KFCL”).-Notional gain on appreciation of share value, without any transfer, cannot form basis for reopening assessment. [S. 148, 148A(b), 148A(d), Art.226]

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Application of mind-An order passed under section 148A(d) without considering the assessee’s reply and by raising new allegations for the first time in the order itself is invalid due to non‑application of mind and is liable to be set aside. [S. 148,148A(b) 148A(d), 151, Art. 226]