https://www.taxtmi.com/caselaws?id=9531 Reassessment notice under section 148 can be issued to give effect to an appellate finding that interest on enhanced compensation accrues year to year and is not assessable only in one assessment year, because such a finding falls within section 150(1) read with Explanation 2 to section 153(3). However, section 150(2) preserves the limitation bar under section 149: where limitation had already expired when the appellate order was made, reassessment cannot be revived for those years. Accordingly, proceedings were barred for assessment years 1967-68 to 1978-79, but could continue for assessment year 1979-80, which was still within limitation. en-us Wed, 11 May 2005 00:00:00 +0530 Tue, 23 Jun 2009 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9531 Reassessment notice under section 148 can be issued to give effect to an appellate finding that interest on enhanced compensation accrues year to year and is not assessable only in one assessment year, because such a finding falls within section 150(1) read with Explanation 2 to section 153(3). However, section 150(2) preserves the limitation bar under section 149: where limitation had already expired when the appellate order was made, reassessment cannot be revived for those years. Accordingly, proceedings were barred for assessment years 1967-68 to 1978-79, but could continue for assessment year 1979-80, which was still within limitation. Case-Laws Income Tax Wed, 11 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9531