https://www.taxtmi.com/highlights?id=65727 Reopening of assessment u/s 147 - Time limit for notice - since the time period for issuance of reassessment notice for assessment year 2013-14 stood extended until 30th June, 2021 and the income alleged to have escaped assessment is beyond Rs.50 lakhs, the first proviso of Section 149 (as amended by the Finance Act, 2021) is not attracted in the facts of this case and even without the benefit of Instruction No.01/2022 the impugned notice is within limitation. - HC en-us Tue, 20 Sep 2022 12:49:12 +0530 Tue, 20 Sep 2022 12:49:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65727 Reopening of assessment u/s 147 - Time limit for notice - since the time period for issuance of reassessment notice for assessment year 2013-14 stood extended until 30th June, 2021 and the income alleged to have escaped assessment is beyond Rs.50 lakhs, the first proviso of Section 149 (as amended by the Finance Act, 2021) is not attracted in the facts of this case and even without the benefit of Instruction No.01/2022 the impugned notice is within limitation. - HC Highlights Income Tax Tue, 20 Sep 2022 12:49:12 +0530 https://www.taxtmi.com/highlights?id=65727