https://www.taxtmi.com/caselaws?id=407607 The court quashed the re-assessment proceedings under Section 147 of the Income Tax Act for the assessment year 2013-14, as the notice issued beyond the four-year period did not meet the conditions for extension to six years. The petitioner's timely filing and full disclosure of income rendered the assessment proceedings beyond four years barred by limitation. The court held that Explanation 2(c) to Section 147 could not override the statutory limitation, leading to the quashing of the order and allowing the petitioner's writ petition. en-us Fri, 12 Mar 2021 00:00:00 +0530 Sat, 15 May 2021 08:27:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407607 The court quashed the re-assessment proceedings under Section 147 of the Income Tax Act for the assessment year 2013-14, as the notice issued beyond the four-year period did not meet the conditions for extension to six years. The petitioner's timely filing and full disclosure of income rendered the assessment proceedings beyond four years barred by limitation. The court held that Explanation 2(c) to Section 147 could not override the statutory limitation, leading to the quashing of the order and allowing the petitioner's writ petition. Case-Laws Income Tax Fri, 12 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407607