https://www.taxtmi.com/caselaws?id=235611 The court ruled in favor of the petitioner, finding the notice issued under section 148 of the Income-tax Act, 1961 for reopening assessment for the assessment year 1989-90 beyond the prescribed time limit to be invalid. The court held that the Assessing Officer's reasons for reopening the assessment did not align with the provisions of section 150 of the Act, as the reopening was not solely to comply with the Commissioner (Appeals) order. Consequently, the court quashed the notice dated December 12, 2000, and set it aside, deeming the assumption of jurisdiction by the Assessing Officer as invalid. en-us Fri, 01 Apr 2011 00:00:00 +0530 Mon, 29 Jul 2013 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235611 The court ruled in favor of the petitioner, finding the notice issued under section 148 of the Income-tax Act, 1961 for reopening assessment for the assessment year 1989-90 beyond the prescribed time limit to be invalid. The court held that the Assessing Officer's reasons for reopening the assessment did not align with the provisions of section 150 of the Act, as the reopening was not solely to comply with the Commissioner (Appeals) order. Consequently, the court quashed the notice dated December 12, 2000, and set it aside, deeming the assumption of jurisdiction by the Assessing Officer as invalid. Case-Laws Income Tax Fri, 01 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235611