https://www.taxtmi.com/caselaws?id=286849 The Court upheld the legality of the reassessment proceeding under section 147 of the Income Tax Act, 1961, emphasizing that serving the notice within the six-year limit grants the Assessing Officer jurisdiction, regardless of late service to the assessee. The Court rejected the argument that reasons must accompany the notice, stating that the assessee had sufficient time to respond to the reasons recorded for reopening. The matter was remanded for consideration on its merits, emphasizing compliance with statutory provisions and legal principles. en-us Wed, 29 Aug 2012 00:00:00 +0530 Wed, 18 Mar 2020 10:48:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286849 The Court upheld the legality of the reassessment proceeding under section 147 of the Income Tax Act, 1961, emphasizing that serving the notice within the six-year limit grants the Assessing Officer jurisdiction, regardless of late service to the assessee. The Court rejected the argument that reasons must accompany the notice, stating that the assessee had sufficient time to respond to the reasons recorded for reopening. The matter was remanded for consideration on its merits, emphasizing compliance with statutory provisions and legal principles. Case-Laws Income Tax Wed, 29 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286849