https://www.taxtmi.com/caselaws?id=226194 The High Court upheld the validity of reassessment proceedings initiated for the second time by the Income Tax department, finding them not barred by time limitations. The court determined that the reasons for initiating the current proceedings were sufficient and within the prescribed period. Additionally, the court dismissed arguments regarding completion of assessment under section 143(1) and distinguished a previous judgment cited by the petitioner as irrelevant. As a result, both writ petitions were dismissed. en-us Wed, 17 Apr 2013 00:00:00 +0530 Sat, 20 Apr 2013 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=226194 The High Court upheld the validity of reassessment proceedings initiated for the second time by the Income Tax department, finding them not barred by time limitations. The court determined that the reasons for initiating the current proceedings were sufficient and within the prescribed period. Additionally, the court dismissed arguments regarding completion of assessment under section 143(1) and distinguished a previous judgment cited by the petitioner as irrelevant. As a result, both writ petitions were dismissed. Case-Laws Income Tax Wed, 17 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=226194