https://www.taxtmi.com/caselaws?id=264961 Reopening of completed assessments under section 150(1) was discussed as unavailable where the earlier block assessment order contained only a general observation and not a specific direction or finding requiring reassessment. The Tribunal's prior remark that the disallowance could not bind regular assessment did not authorise reopening of any assessment year, and there was no finding compelling reassessment of foreign travel expenditure. As section 150(1) applies only on a true direction or finding, it could not extend limitation here. Explanation 2 to section 153 was also found inapplicable on the facts, so the reassessments were time-barred and invalid. en-us Fri, 26 Sep 2014 00:00:00 +0530 Mon, 05 Oct 2015 06:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264961 Reopening of completed assessments under section 150(1) was discussed as unavailable where the earlier block assessment order contained only a general observation and not a specific direction or finding requiring reassessment. The Tribunal's prior remark that the disallowance could not bind regular assessment did not authorise reopening of any assessment year, and there was no finding compelling reassessment of foreign travel expenditure. As section 150(1) applies only on a true direction or finding, it could not extend limitation here. Explanation 2 to section 153 was also found inapplicable on the facts, so the reassessments were time-barred and invalid. Case-Laws Income Tax Fri, 26 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264961