https://www.taxtmi.com/caselaws?id=360075 The court found the writ petition challenging the reassessment notice under Section 147 read with Section 148 of the Income Tax Act maintainable. It concluded that the notice under Section 148 was not issued within the prescribed limitation period and was not properly served to the petitioner. As a result, the court quashed the notices and order related to the reassessment proceedings, deeming them invalid. The petitioner was awarded costs of Rs. 25,000 to be paid by the respondents within two weeks. en-us Fri, 04 May 2018 00:00:00 +0530 Tue, 24 Jul 2018 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360075 The court found the writ petition challenging the reassessment notice under Section 147 read with Section 148 of the Income Tax Act maintainable. It concluded that the notice under Section 148 was not issued within the prescribed limitation period and was not properly served to the petitioner. As a result, the court quashed the notices and order related to the reassessment proceedings, deeming them invalid. The petitioner was awarded costs of Rs. 25,000 to be paid by the respondents within two weeks. Case-Laws Income Tax Fri, 04 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360075