https://www.taxtmi.com/caselaws?id=220409 Revenue recovery proceedings based on a reassessment under the repealed Agricultural Income-tax Act were unsustainable because the reassessment was made beyond the statutory limitation period. For the 1988-1989 assessment year, Section 99(3) of the 1991 Act preserved application of the 1950 Act for pre-1991 proceedings, and Section 35(2) required completion of assessment within five years from the end of the year in which the income was first assessable. As the amended assessment order was passed on 06.09.1997, it was time-barred. The recovery proceedings founded on that assessment were therefore quashed. en-us Thu, 10 Jan 2013 00:00:00 +0530 Fri, 31 Jan 2014 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220409 Revenue recovery proceedings based on a reassessment under the repealed Agricultural Income-tax Act were unsustainable because the reassessment was made beyond the statutory limitation period. For the 1988-1989 assessment year, Section 99(3) of the 1991 Act preserved application of the 1950 Act for pre-1991 proceedings, and Section 35(2) required completion of assessment within five years from the end of the year in which the income was first assessable. As the amended assessment order was passed on 06.09.1997, it was time-barred. The recovery proceedings founded on that assessment were therefore quashed. Case-Laws Income Tax Thu, 10 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220409