https://www.taxtmi.com/caselaws?id=15485 The High Court held that the reassessment under section 147(b) was invalid and time-barred, as section 147 does not apply to summary assessments under section 172. It was also noted that a notice under section 163 should have been issued before treating the assessee as an agent. Rule 115 of the IT Rules was found inapplicable, and the reassessment was deemed time-barred under section 149(3). The decision in Indian & Eastern Newspaper Society vs. CIT was considered, ultimately resulting in a judgment against the Revenue on key legal issues. en-us Fri, 14 Nov 1997 00:00:00 +0530 Thu, 06 Aug 2009 18:31:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15485 The High Court held that the reassessment under section 147(b) was invalid and time-barred, as section 147 does not apply to summary assessments under section 172. It was also noted that a notice under section 163 should have been issued before treating the assessee as an agent. Rule 115 of the IT Rules was found inapplicable, and the reassessment was deemed time-barred under section 149(3). The decision in Indian & Eastern Newspaper Society vs. CIT was considered, ultimately resulting in a judgment against the Revenue on key legal issues. Case-Laws Income Tax Fri, 14 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15485