https://www.taxtmi.com/caselaws?id=285572 The Tribunal held that the notice issued under Section 148 of the Income Tax Act was barred by limitation and quashed the notice and consequent assessments. The appeals of the assessees were allowed, and reassessment proceedings were deemed void ab initio. The Tribunal emphasized that the amendment to Section 149(3) could not retrospectively apply to revive time-barred assessments. en-us Wed, 05 Sep 2018 00:00:00 +0530 Sat, 18 Jan 2020 10:07:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285572 The Tribunal held that the notice issued under Section 148 of the Income Tax Act was barred by limitation and quashed the notice and consequent assessments. The appeals of the assessees were allowed, and reassessment proceedings were deemed void ab initio. The Tribunal emphasized that the amendment to Section 149(3) could not retrospectively apply to revive time-barred assessments. Case-Laws Income Tax Wed, 05 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285572