https://www.taxtmi.com/caselaws?id=335473 The High Court ruled in favor of the petitioner, holding that the notice under Section 148 was invalid due to being issued beyond the permissible period of limitation. The Tribunal's observation was deemed not constituting a "finding" or "direction" under Section 150(1), thus rendering the reopening of the assessment unjustified. The Court granted the petitioner's prayer clause (a) without awarding costs. en-us Mon, 21 Nov 2016 00:00:00 +0530 Fri, 02 Dec 2016 21:47:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335473 The High Court ruled in favor of the petitioner, holding that the notice under Section 148 was invalid due to being issued beyond the permissible period of limitation. The Tribunal's observation was deemed not constituting a "finding" or "direction" under Section 150(1), thus rendering the reopening of the assessment unjustified. The Court granted the petitioner's prayer clause (a) without awarding costs. Case-Laws Income Tax Mon, 21 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335473