https://www.taxtmi.com/caselaws?id=263066 The Court ruled in favor of the appellant, holding that the notice issued under Section 148 for reopening assessment was invalid due to exceeding the prescribed time limit. As a result, the Court did not address the other issues raised in the appeal regarding unexplained investments and interest levy. The appeal was allowed with no order as to costs, emphasizing the critical issue of the notice's validity as the determining factor in the case outcome. en-us Fri, 14 Aug 2015 00:00:00 +0530 Tue, 25 Aug 2015 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263066 The Court ruled in favor of the appellant, holding that the notice issued under Section 148 for reopening assessment was invalid due to exceeding the prescribed time limit. As a result, the Court did not address the other issues raised in the appeal regarding unexplained investments and interest levy. The appeal was allowed with no order as to costs, emphasizing the critical issue of the notice's validity as the determining factor in the case outcome. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263066