https://www.taxtmi.com/caselaws?id=17859 The court held that Section 144B applies solely to original assessments under Section 143(3) and not to reassessments under Section 147. It was determined that the term "assessment" in Section 143(3) does not encompass reassessments, leading to the conclusion that the extended time limit under Explanation 1 to Section 153 does not apply to reassessments. Consequently, the reassessments in question were time-barred, and the Tribunal's decision to dismiss the Department's appeals was upheld. The court ruled in favor of the respondent, and no costs were awarded. en-us Tue, 23 Apr 1996 00:00:00 +0530 Fri, 25 Sep 2009 12:42:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17859 The court held that Section 144B applies solely to original assessments under Section 143(3) and not to reassessments under Section 147. It was determined that the term "assessment" in Section 143(3) does not encompass reassessments, leading to the conclusion that the extended time limit under Explanation 1 to Section 153 does not apply to reassessments. Consequently, the reassessments in question were time-barred, and the Tribunal's decision to dismiss the Department's appeals was upheld. The court ruled in favor of the respondent, and no costs were awarded. Case-Laws Income Tax Tue, 23 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17859