https://www.taxtmi.com/caselaws?id=200213 Assessment for 1945-46 was upheld because a return filed after the ordinary assessment period did not invalidate reassessment, which was completed within the time allowed after notice. Assessment for 1946-47 was quashed because no statutory notice was issued to bring the case within the extended limitation provision, so the ordinary four-year limit applied and the assessment lacked jurisdiction. Assessment for 1947-48 was sustained because the order recorded concealment and initiation of penalty proceedings, bringing it within the applicable limitation exception. Recovery proceedings under the Revenue Recovery Act were restrained to the extent they sought to recover more than the lawful arrears, since recovery jurisdiction extends only to the amount actually due. en-us Tue, 07 Feb 1961 00:00:00 +0530 Fri, 23 Mar 2018 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200213 Assessment for 1945-46 was upheld because a return filed after the ordinary assessment period did not invalidate reassessment, which was completed within the time allowed after notice. Assessment for 1946-47 was quashed because no statutory notice was issued to bring the case within the extended limitation provision, so the ordinary four-year limit applied and the assessment lacked jurisdiction. Assessment for 1947-48 was sustained because the order recorded concealment and initiation of penalty proceedings, bringing it within the applicable limitation exception. Recovery proceedings under the Revenue Recovery Act were restrained to the extent they sought to recover more than the lawful arrears, since recovery jurisdiction extends only to the amount actually due. Case-Laws Income Tax Tue, 07 Feb 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200213