https://www.taxtmi.com/caselaws?id=18966 The court ruled that the reassessments made by the Income-tax Officer were not barred by the limitation prescribed under section 153 of the Income-tax Act, 1961. The reassessments were found to be within the time-limit prescribed by section 153(2), distinct from the time-limits for assessments under sections 143 and 144. The court rejected the assessee's argument that the term "assessment" in sub-section (1) should include "reassessment," affirming the validity of the reassessments within the prescribed time frame in favor of the Revenue. en-us Mon, 19 Dec 1994 00:00:00 +0530 Tue, 03 Nov 2009 11:13:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18966 The court ruled that the reassessments made by the Income-tax Officer were not barred by the limitation prescribed under section 153 of the Income-tax Act, 1961. The reassessments were found to be within the time-limit prescribed by section 153(2), distinct from the time-limits for assessments under sections 143 and 144. The court rejected the assessee's argument that the term "assessment" in sub-section (1) should include "reassessment," affirming the validity of the reassessments within the prescribed time frame in favor of the Revenue. Case-Laws Income Tax Mon, 19 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18966