https://www.taxtmi.com/caselaws?id=5771 The Supreme Court held that the assessment proceedings initiated under Section 147/148 were invalid as the return filed on 2nd April 1964, along with the refund application, was still pending. The note recorded by the ITO on 10th November 1965 did not effectively terminate the assessment proceedings as it was not communicated to the trustees. Consequently, the reassessment proceedings were deemed invalid, and the appeal was allowed with costs. en-us Wed, 16 Feb 2000 00:00:00 +0530 Tue, 09 Nov 2021 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5771 The Supreme Court held that the assessment proceedings initiated under Section 147/148 were invalid as the return filed on 2nd April 1964, along with the refund application, was still pending. The note recorded by the ITO on 10th November 1965 did not effectively terminate the assessment proceedings as it was not communicated to the trustees. Consequently, the reassessment proceedings were deemed invalid, and the appeal was allowed with costs. Case-Laws Income Tax Wed, 16 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5771