https://www.taxtmi.com/caselaws?id=3772 The Court upheld the Tribunal's decision to apply the amended provisions of Section 153(2) of the Income Tax Act retrospectively, limiting the time for completing assessments to one year from the end of the financial year in which the notice was served. The revenue's appeal challenging the completion date of an assessment for the assessment year 1998-99 was dismissed, emphasizing that procedural laws are applicable to pending cases, and the Assessing Officer had adequate time to finalize the assessment within the revised timeframe. en-us Fri, 28 Mar 2008 00:00:00 +0530 Sun, 27 Jul 2008 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3772 The Court upheld the Tribunal's decision to apply the amended provisions of Section 153(2) of the Income Tax Act retrospectively, limiting the time for completing assessments to one year from the end of the financial year in which the notice was served. The revenue's appeal challenging the completion date of an assessment for the assessment year 1998-99 was dismissed, emphasizing that procedural laws are applicable to pending cases, and the Assessing Officer had adequate time to finalize the assessment within the revised timeframe. Case-Laws Income Tax Fri, 28 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3772