https://www.taxtmi.com/caselaws?id=12738 The court ruled in favor of the respondent-assessee, holding that the reassessment notice issued under section 147 after four years was invalid as it exceeded the time limit specified under section 149 of the Income-tax Act. The court emphasized the importance of adhering to legal time limits to prevent reactivating stale issues and dismissed the appeals filed by the Revenue, finding no substantial question of law in the case. en-us Fri, 22 Feb 2002 00:00:00 +0530 Thu, 21 May 2009 16:44:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12738 The court ruled in favor of the respondent-assessee, holding that the reassessment notice issued under section 147 after four years was invalid as it exceeded the time limit specified under section 149 of the Income-tax Act. The court emphasized the importance of adhering to legal time limits to prevent reactivating stale issues and dismissed the appeals filed by the Revenue, finding no substantial question of law in the case. Case-Laws Income Tax Fri, 22 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12738