https://www.taxtmi.com/caselaws?id=239869 The High Court set aside the Tribunal's decision and restored the appeal for further consideration. The Court interpreted the newly inserted proviso to Section 148(1) of the Act, deeming the notice under Section 143(2) valid despite being served after 12 months from the filing of the return but before the reassessment time limit. This interpretation led to the conclusion that the assessments should not have been annulled but instead set aside. en-us Wed, 19 Dec 2012 00:00:00 +0530 Sat, 23 Nov 2013 14:09:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239869 The High Court set aside the Tribunal's decision and restored the appeal for further consideration. The Court interpreted the newly inserted proviso to Section 148(1) of the Act, deeming the notice under Section 143(2) valid despite being served after 12 months from the filing of the return but before the reassessment time limit. This interpretation led to the conclusion that the assessments should not have been annulled but instead set aside. Case-Laws Income Tax Wed, 19 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239869