https://www.taxtmi.com/caselaws?id=5713 SC held that assessments and reassessments under section 147 must follow the procedural provisions following section 139, including section 144B, so the extended 180-day period in Explanation 1(iv) to section 153 is available for such assessments/reassessments. The Court emphasized that reopening requires a section 148 notice with reasons and sanction under section 151, and where proposed variations are prejudicial and exceed Board limits, the Inspecting Assistant Commissioner's binding directions under section 144B apply. Appeals were dismissed. en-us Fri, 05 Feb 1999 00:00:00 +0530 Thu, 09 Oct 2025 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5713 SC held that assessments and reassessments under section 147 must follow the procedural provisions following section 139, including section 144B, so the extended 180-day period in Explanation 1(iv) to section 153 is available for such assessments/reassessments. The Court emphasized that reopening requires a section 148 notice with reasons and sanction under section 151, and where proposed variations are prejudicial and exceed Board limits, the Inspecting Assistant Commissioner's binding directions under section 144B apply. Appeals were dismissed. Case-Laws Income Tax Fri, 05 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5713