https://www.taxtmi.com/caselaws?id=431108 The High Court held that the notice issued by the Income Tax Officer under Section 148 r/w Section 150(1) of the Income Tax Act, seeking to reopen the assessment for the year 1995-96, was without jurisdiction. The Court emphasized that Section 150 is meant to give effect to orders passed in appeal, reference, or revision, not to reopen assessments on unrelated issues. Due to the significant delay of almost nine years in issuing the notice after the assessment order, the Court set aside and quashed the notice, reaffirming the importance of respecting jurisdictional limits and legal procedures. en-us Wed, 23 Nov 2022 00:00:00 +0530 Tue, 06 Dec 2022 09:39:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431108 The High Court held that the notice issued by the Income Tax Officer under Section 148 r/w Section 150(1) of the Income Tax Act, seeking to reopen the assessment for the year 1995-96, was without jurisdiction. The Court emphasized that Section 150 is meant to give effect to orders passed in appeal, reference, or revision, not to reopen assessments on unrelated issues. Due to the significant delay of almost nine years in issuing the notice after the assessment order, the Court set aside and quashed the notice, reaffirming the importance of respecting jurisdictional limits and legal procedures. Case-Laws Income Tax Wed, 23 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431108