https://www.taxtmi.com/caselaws?id=276731 Section 29 of the Income-tax Act, 1922 was construed to allow a fresh notice of demand whenever tax became due under an appellate order altering the assessment. Where the assessee's liability was reduced in appeal, the earlier demand notice ceased to reflect the correct liability and a revised notice could validly issue on the altered assessment. Limitation for recovery under section 46(7) was therefore computed from the later demand notice, not from the original notice issued on the higher assessment. The recovery objection based on time-bar was rejected. en-us Mon, 27 Jun 1955 00:00:00 +0530 Fri, 16 Nov 2018 14:50:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276731 Section 29 of the Income-tax Act, 1922 was construed to allow a fresh notice of demand whenever tax became due under an appellate order altering the assessment. Where the assessee's liability was reduced in appeal, the earlier demand notice ceased to reflect the correct liability and a revised notice could validly issue on the altered assessment. Limitation for recovery under section 46(7) was therefore computed from the later demand notice, not from the original notice issued on the higher assessment. The recovery objection based on time-bar was rejected. Case-Laws Income Tax Mon, 27 Jun 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276731