https://www.taxtmi.com/highlights?id=63265 Reopening of assessment u/s 147 - Extended Period - Under no circumstances the extended period available in clause (b) of sub-section (1) of Section 149 which we may recall now stands at 10 years instead of 6 years previously available with the revenue, can be pressed in service for reopening assessments for the past period. This flows from the plain meaning of the first proviso to sub-section (1) of Section 149. - HC en-us Wed, 04 May 2022 08:32:28 +0530 Wed, 04 May 2022 08:32:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63265 Reopening of assessment u/s 147 - Extended Period - Under no circumstances the extended period available in clause (b) of sub-section (1) of Section 149 which we may recall now stands at 10 years instead of 6 years previously available with the revenue, can be pressed in service for reopening assessments for the past period. This flows from the plain meaning of the first proviso to sub-section (1) of Section 149. - HC Highlights Income Tax Wed, 04 May 2022 08:32:28 +0530 https://www.taxtmi.com/highlights?id=63265