https://www.taxtmi.com/caselaws?id=12703 The court quashed the notice for reopening the assessment under section 148 of the Income-tax Act, 1961, as the petitioners' accounting method had been accepted by the Revenue for subsequent years, and excise duty and customs duty were paid before the due date. The court referenced the Hindustan Lever Ltd. case and ruled in favor of the petitioners, setting aside the notice dated January 31, 2001. en-us Thu, 07 Feb 2002 00:00:00 +0530 Thu, 21 May 2009 12:36:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12703 The court quashed the notice for reopening the assessment under section 148 of the Income-tax Act, 1961, as the petitioners' accounting method had been accepted by the Revenue for subsequent years, and excise duty and customs duty were paid before the due date. The court referenced the Hindustan Lever Ltd. case and ruled in favor of the petitioners, setting aside the notice dated January 31, 2001. Case-Laws Income Tax Thu, 07 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12703