https://www.taxtmi.com/caselaws?id=26636 The court upheld the validity of the reassessment based on a revised return filed by the assessee. The assessing authority was directed to reframe the assessment in accordance with the remand order, and the plea of limitation against the original assessment was deemed concluded. The court found that the initial assessment was not time-barred, as the original return was filed under section 139(4) or section 139(5) of the Income-tax Act, and the Tribunal's decision on this matter was considered binding. The petition was dismissed, with each party bearing their own costs. en-us Mon, 13 Jan 1986 00:00:00 +0530 Sat, 06 Feb 2010 14:24:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26636 The court upheld the validity of the reassessment based on a revised return filed by the assessee. The assessing authority was directed to reframe the assessment in accordance with the remand order, and the plea of limitation against the original assessment was deemed concluded. The court found that the initial assessment was not time-barred, as the original return was filed under section 139(4) or section 139(5) of the Income-tax Act, and the Tribunal's decision on this matter was considered binding. The petition was dismissed, with each party bearing their own costs. Case-Laws Income Tax Mon, 13 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26636