https://www.taxtmi.com/caselaws?id=11813 The High Court of Kerala upheld the validity of reassessment proceedings for one year while quashing them for another in a case involving partners of a firm engaged in the hides and skins business. The court clarified the interpretation of section 148 of the Income-tax Act, allowing for multiple valid notices to be issued by the Assessing Officer. It also emphasized the importance of adhering to statutory timelines for initiating reassessment proceedings, ultimately dismissing the original petition and allowing the writ appeal. en-us Thu, 24 Oct 2002 00:00:00 +0530 Tue, 09 Feb 2010 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11813 The High Court of Kerala upheld the validity of reassessment proceedings for one year while quashing them for another in a case involving partners of a firm engaged in the hides and skins business. The court clarified the interpretation of section 148 of the Income-tax Act, allowing for multiple valid notices to be issued by the Assessing Officer. It also emphasized the importance of adhering to statutory timelines for initiating reassessment proceedings, ultimately dismissing the original petition and allowing the writ appeal. Case-Laws Income Tax Thu, 24 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11813