https://www.taxtmi.com/caselaws?id=76555 The High Court upheld the Tribunal's order, dismissing the Revenue's appeal against the notice issued under section 148 of the Income-tax Act for the assessment year 2000-01. The court emphasized that reassessment proceedings cannot commence until the assessment based on the filed return is concluded under section 143(3). Previous judgments were cited to prevent attempts to extend assessment time limits, affirming that if proceedings are not finalized within the prescribed period, the return is deemed accepted. The decision aimed to ensure assessments are conducted within statutory constraints, leading to the dismissal of the appeal without costs. en-us Mon, 06 Apr 2009 00:00:00 +0530 Mon, 05 Jul 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76555 The High Court upheld the Tribunal's order, dismissing the Revenue's appeal against the notice issued under section 148 of the Income-tax Act for the assessment year 2000-01. The court emphasized that reassessment proceedings cannot commence until the assessment based on the filed return is concluded under section 143(3). Previous judgments were cited to prevent attempts to extend assessment time limits, affirming that if proceedings are not finalized within the prescribed period, the return is deemed accepted. The decision aimed to ensure assessments are conducted within statutory constraints, leading to the dismissal of the appeal without costs. Case-Laws Income Tax Mon, 06 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76555