https://www.taxtmi.com/caselaws?id=372991 The court ruled in favor of the petitioner, emphasizing the significance of adhering to statutory limitations under the Income Tax Act. It held that equity cannot override statutory provisions, particularly in the absence of explicit statutory exceptions. The Department's attempt to extend the time limit for issuing a notice beyond what was allowed under Section 149 was deemed impermissible. Consequently, the court allowed the writ petition as requested by the petitioner, highlighting the importance of respecting statutory provisions in assessment and reassessment proceedings. en-us Wed, 28 Nov 2018 00:00:00 +0530 Fri, 04 Jan 2019 06:41:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372991 The court ruled in favor of the petitioner, emphasizing the significance of adhering to statutory limitations under the Income Tax Act. It held that equity cannot override statutory provisions, particularly in the absence of explicit statutory exceptions. The Department's attempt to extend the time limit for issuing a notice beyond what was allowed under Section 149 was deemed impermissible. Consequently, the court allowed the writ petition as requested by the petitioner, highlighting the importance of respecting statutory provisions in assessment and reassessment proceedings. Case-Laws Income Tax Wed, 28 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372991