https://www.taxtmi.com/caselaws?id=18000 The High Court dismissed the petitions challenging notices issued under section 148 of the Income-tax Act, 1961 before concluding proceedings under section 143(3). The court rejected the argument that initiating proceedings under section 147 before concluding section 143(3) was impermissible, emphasizing that the subsequent amendment to section 147 rendered previous court decisions irrelevant. The court held that Explanation 2(b) to section 147 is not limited to cases processed under section 143(1)(a) and that circulars issued by the Central Board of Direct Taxes do not override statutory provisions. The applications were dismissed, with the court finding no merit in the petitioners' contentions. en-us Fri, 16 Aug 1996 00:00:00 +0530 Sat, 26 Sep 2009 11:46:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18000 The High Court dismissed the petitions challenging notices issued under section 148 of the Income-tax Act, 1961 before concluding proceedings under section 143(3). The court rejected the argument that initiating proceedings under section 147 before concluding section 143(3) was impermissible, emphasizing that the subsequent amendment to section 147 rendered previous court decisions irrelevant. The court held that Explanation 2(b) to section 147 is not limited to cases processed under section 143(1)(a) and that circulars issued by the Central Board of Direct Taxes do not override statutory provisions. The applications were dismissed, with the court finding no merit in the petitioners' contentions. Case-Laws Income Tax Fri, 16 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18000