https://www.taxtmi.com/caselaws?id=235493 The Court quashed notices issued under Sections 142(1) and 148 of the Income Tax Act, ruling they were time-barred under Section 149. The respondent's reliance on Section 150(1) was deemed unjustified, as prior orders did not empower lifting the limitation bar. The Court emphasized that the notices exceeded the prescribed period and were therefore quashed. The department's attempt to utilize Section 150(1) was rejected, leading to the writ petition being allowed, with parties instructed to bear their own costs. en-us Tue, 10 Jan 2012 00:00:00 +0530 Thu, 25 Jul 2013 08:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235493 The Court quashed notices issued under Sections 142(1) and 148 of the Income Tax Act, ruling they were time-barred under Section 149. The respondent's reliance on Section 150(1) was deemed unjustified, as prior orders did not empower lifting the limitation bar. The Court emphasized that the notices exceeded the prescribed period and were therefore quashed. The department's attempt to utilize Section 150(1) was rejected, leading to the writ petition being allowed, with parties instructed to bear their own costs. Case-Laws Income Tax Tue, 10 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235493