https://www.taxtmi.com/caselaws?id=210198 The High Court dismissed the appeal, upholding the validity of the second notice issued under Section 148 on 24.11.1994. It found that the reasons recorded for the notice were sufficient and relevant, and the mandatory conditions for issuance were met. The assessment order dated 27.3.1997 was deemed not barred by limitation under Section 153 of the Income Tax Act. The Tribunal's decision to not cancel the assessment was upheld, concluding that the assessment was valid and not flawed in law. en-us Fri, 01 Jul 2011 00:00:00 +0530 Thu, 26 Apr 2012 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210198 The High Court dismissed the appeal, upholding the validity of the second notice issued under Section 148 on 24.11.1994. It found that the reasons recorded for the notice were sufficient and relevant, and the mandatory conditions for issuance were met. The assessment order dated 27.3.1997 was deemed not barred by limitation under Section 153 of the Income Tax Act. The Tribunal's decision to not cancel the assessment was upheld, concluding that the assessment was valid and not flawed in law. Case-Laws Income Tax Fri, 01 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210198