Notice under Section 148 of Income-tax Act for Reopening Assessment Quashed

The High Court of Punjab & Haryana quashed a notice under section 148 of the Income-tax Act, 1961 for reopening the assessment for the assessment year 1980-81 as it was issued beyond the permissible time frame of four years from the end of the relevant assessment year.

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The High Court of Punjab & Haryana quashed a notice dated March 29, 1989, under section 148 of the Income-tax Act, 1961 for reopening the assessment for the assessment year 1980-81. The petition was allowed as the notice was issued beyond the permissible time frame of four years from the end of the relevant assessment year.

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