https://www.taxtmi.com/caselaws?id=23761 The court held that section 144B is applicable in reassessment proceedings initiated under section 147(b), as reopening an assessment under section 147 restarts the proceedings de novo, necessitating compliance with section 143(3) and potential application of section 144B for additions exceeding Rs. 1 lakh. The reassessment completed on September 20, 1979, was deemed within the extended period allowed by law and not time-barred under section 153, confirming its validity and favoring the Revenue over the assessee. en-us Fri, 27 Oct 1989 00:00:00 +0530 Fri, 25 Dec 2009 17:46:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23761 The court held that section 144B is applicable in reassessment proceedings initiated under section 147(b), as reopening an assessment under section 147 restarts the proceedings de novo, necessitating compliance with section 143(3) and potential application of section 144B for additions exceeding Rs. 1 lakh. The reassessment completed on September 20, 1979, was deemed within the extended period allowed by law and not time-barred under section 153, confirming its validity and favoring the Revenue over the assessee. Case-Laws Income Tax Fri, 27 Oct 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23761