https://www.taxtmi.com/caselaws?id=259559 The court held that the reassessment proceedings initiated beyond the statutory period of four years under Section 148 of the Income Tax Act, 1961, were not permissible as the conditions for reassessment were not satisfied. The court quashed the notice under Section 148 and terminated the reassessment proceedings for the Assessment Year 2007-2008, ruling in favor of the petitioner. en-us Wed, 08 Apr 2015 00:00:00 +0530 Sat, 07 Nov 2015 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259559 The court held that the reassessment proceedings initiated beyond the statutory period of four years under Section 148 of the Income Tax Act, 1961, were not permissible as the conditions for reassessment were not satisfied. The court quashed the notice under Section 148 and terminated the reassessment proceedings for the Assessment Year 2007-2008, ruling in favor of the petitioner. Case-Laws Income Tax Wed, 08 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259559