https://www.taxtmi.com/caselaws?id=190790 The Court held that the original assessment made beyond the time limit was invalid, emphasizing the importance of time limits in tax assessments. It ruled that the reassessment following the cancellation of the original assessment was not valid as a fresh assessment must follow a valid original assessment. The Court allowed the plea of limitation to be raised in subsequent proceedings, stating it was fundamental and could be raised in appeals. The subsequent reassessment was deemed invalid due to the original assessment being time-barred. Each party was directed to bear their own costs, highlighting the Department's failure to seek a modification of the writ of prohibition for timely assessment. en-us Fri, 22 Jan 1960 00:00:00 +0530 Mon, 27 Feb 2017 18:44:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190790 The Court held that the original assessment made beyond the time limit was invalid, emphasizing the importance of time limits in tax assessments. It ruled that the reassessment following the cancellation of the original assessment was not valid as a fresh assessment must follow a valid original assessment. The Court allowed the plea of limitation to be raised in subsequent proceedings, stating it was fundamental and could be raised in appeals. The subsequent reassessment was deemed invalid due to the original assessment being time-barred. Each party was directed to bear their own costs, highlighting the Department's failure to seek a modification of the writ of prohibition for timely assessment. Case-Laws Income Tax Fri, 22 Jan 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190790