https://www.taxtmi.com/caselaws?id=28975 The expression "regular assessment" in section 273 of the Income-tax Act, 1961 is confined to assessments under sections 143 and 144 because section 2(40) expressly defines it that way. Reassessment under section 147 is a separate statutory power, and the Act consistently distinguishes reassessment from regular assessment across provisions such as sections 153, 246 and 263. Earlier construction under the 1922 Act could not control section 273 of the 1961 Act in view of the express definition. A penalty notice founded solely on reassessment under section 147 was therefore without jurisdiction. en-us Fri, 13 Nov 1981 00:00:00 +0530 Tue, 09 Mar 2010 11:34:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28975 The expression "regular assessment" in section 273 of the Income-tax Act, 1961 is confined to assessments under sections 143 and 144 because section 2(40) expressly defines it that way. Reassessment under section 147 is a separate statutory power, and the Act consistently distinguishes reassessment from regular assessment across provisions such as sections 153, 246 and 263. Earlier construction under the 1922 Act could not control section 273 of the 1961 Act in view of the express definition. A penalty notice founded solely on reassessment under section 147 was therefore without jurisdiction. Case-Laws Income Tax Fri, 13 Nov 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28975