{"id":61626,"date":"2026-07-03T07:30:11","date_gmt":"2026-07-03T02:00:11","guid":{"rendered":"https:\/\/itatonline.org\/digest\/mohamedali-shabanali-badami-v-ito-mum-trib-www-itatonline-org\/"},"modified":"2026-07-03T07:30:11","modified_gmt":"2026-07-03T02:00:11","slug":"mohamedali-shabanali-badami-v-ito-mum-trib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/mohamedali-shabanali-badami-v-ito-mum-trib-www-itatonline-org\/","title":{"rendered":"Mohamedali Shabanali Badami v. ITO (Mum.)(Trib.) www.itatonline.org ."},"content":{"rendered":"<div>\n<p>The assessee challenged the validity of the reassessment proceedings for A.Y. 2015-16 on the ground that the notice issued under section 148 on 19-04-2022 was beyond the period of limitation prescribed under the first proviso to section 149(1). The Tribunal held that under the reassessment regime introduced by the Finance Act, 2021, the first proviso to section 149 protects assessment years governed by the old law by preserving the earlier limitation period of six years. For A.Y. 2015-16, the limitation expired on 31-03-2022. Although the Assessing Officer had issued a show-cause notice under section 148A(b) on 24-03-2022, the jurisdictional notice under section 148 was issued only on 19-04-2022, after the expiry of the limitation period. Relying on the decisions of the Supreme Court in <em data-start=\"1081\" data-end=\"1114\">UOI \u00a0v. Rajeev Bansal<\/em><i> (<\/i>2024) 167 taxmann.com 70 (SC) and the Bombay High Court in <em data-start=\"1175\" data-end=\"1211\">Hexaware Technologies Ltd. v. ACIT<\/em><i> <\/i>(W.P. No. 1778 of 2023, dated 03-05-2024), the Tribunal held that the relevant date for determining limitation is the date of issuance of the notice under section 148 and not the notice under section 148A(b). Since the notice under section 148 was time-barred, the reassessment proceedings and the consequential assessment order were quashed. (<strong>AY. 2015-16 ) (ITA No. 913\/Mum\/2025, , dated 16-06-2025.<\/strong><b>)<\/b><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>S.  148: Reassessment \u2013 Limitation \u2013 Notice issued under section 148 after expiry of six years under the erstwhile law is barred by limitation notwithstanding that notice under section 148A(b) was issued within the limitation period \u2013 Reassessment quashed. [S. 147, 148A(b) 149]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-61626","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-g1Y","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=61626"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61626\/revisions"}],"predecessor-version":[{"id":61627,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61626\/revisions\/61627"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=61626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=61626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=61626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}