Legal Updates 25 July 2026
Tax Notice Beyond Limitation
The Income Tax Appellate Tribunal has ruled that a notice issued under section 148 of the Income Tax Act beyond the surviving limitation period is invalid, following the Supreme Court's ruling in the Rajeev Bansal case. This decision affects taxpayers who have received such notices and provides clarity on the limitation period for issuing notices under section 148.
The Income Tax Appellate Tribunal (ITAT) has made a significant ruling regarding notices issued under section 148 of the Income Tax Act. *Key points* of the ruling include:
- Notices issued beyond the surviving limitation period are invalid.
- The ruling is based on the Supreme Court's decision in the *Rajeev Bansal case*.
- Taxpayers who have received such notices may be affected by this decision.
The ITAT's decision provides clarity on the limitation period for issuing notices under section 148 and its implications for taxpayers.
Need help understanding this update?
Connect with our domain experts instantly via WhatsApp for customized legal guidance.