https://www.taxtmi.com/caselaws?id=23978 Limitation for reassessment under the Income-tax Act is computed from the date of issuance of notice under section 148, not from the date of service on the assessee. A notice issued within the prescribed period remains valid even if served after limitation expires. The Tribunal was therefore wrong in treating the reassessment as time-barred solely because service occurred late, and the issue was answered in favour of the Revenue. en-us Mon, 01 May 1989 00:00:00 +0530 Fri, 15 Jan 2010 15:39:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23978 Limitation for reassessment under the Income-tax Act is computed from the date of issuance of notice under section 148, not from the date of service on the assessee. A notice issued within the prescribed period remains valid even if served after limitation expires. The Tribunal was therefore wrong in treating the reassessment as time-barred solely because service occurred late, and the issue was answered in favour of the Revenue. Case-Laws Income Tax Mon, 01 May 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23978