No Income Tax Reassessment Notice u/s 148 May be Issued after Statutory Limitation: Rajasthan HC refers SC Decision in Rajeev Bansal

The Rajasthan HC ruled that no income tax reassessment notice under Section 148 may be issued after the statutory limitation, referring to the SC decision in Rajeev Bansal. This decision reinforces the importance of statutory limitations in tax reassessments. It underscores the need for timely actions. This ruling reflects the court's adherence to legal precedents. It emphasizes the need for compliance with time limits. The ruling aims to prevent delayed reassessments.