https://www.taxtmi.com/caselaws?id=13227 The HC ruled that the notice issued under section 148 of the Income-tax Act, 1961, was valid, overturning the single judge's decision that it was barred by limitation. The HC found that the notice was justified under section 150(1), which permits notices to be issued at any time to effectuate findings from previous orders. Consequently, the HC allowed the assessee to file a revised return for further assessment by the Income-tax Department, emphasizing the importance of adhering to statutory limitations while reopening assessments. en-us Tue, 21 Nov 2006 00:00:00 +0530 Tue, 13 Feb 2024 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13227 The HC ruled that the notice issued under section 148 of the Income-tax Act, 1961, was valid, overturning the single judge's decision that it was barred by limitation. The HC found that the notice was justified under section 150(1), which permits notices to be issued at any time to effectuate findings from previous orders. Consequently, the HC allowed the assessee to file a revised return for further assessment by the Income-tax Department, emphasizing the importance of adhering to statutory limitations while reopening assessments. Case-Laws Income Tax Tue, 21 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13227