https://www.taxtmi.com/caselaws?id=303113 Section 150 permits a notice under section 148 at any time only where the reassessment is made in consequence of, or to give effect to, an express finding or direction in an appellate, revisional or reference order. A permissive observation that the Assessing Officer may consider deleted income in regular assessments, if law permits, is not a binding direction or finding. On that basis, the reopening was not protected from limitation and the reassessment notices were invalid; the resulting assessment orders for both years were quashed. en-us Thu, 21 Apr 2011 00:00:00 +0530 Tue, 05 Jul 2022 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303113 Section 150 permits a notice under section 148 at any time only where the reassessment is made in consequence of, or to give effect to, an express finding or direction in an appellate, revisional or reference order. A permissive observation that the Assessing Officer may consider deleted income in regular assessments, if law permits, is not a binding direction or finding. On that basis, the reopening was not protected from limitation and the reassessment notices were invalid; the resulting assessment orders for both years were quashed. Case-Laws Income Tax Thu, 21 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303113