https://www.taxtmi.com/caselaws?id=34035 The Karnataka High Court allowed the Revenue's appeal challenging the Income-tax Appellate Tribunal's decision on the limitation period for issuing notices under sections 143(2) and 147 of the Income-tax Act. The High Court found that the notice issued by the Revenue was within the time limit, contrary to the Tribunal's ruling. The Court emphasized the importance of considering saving provisions like the proviso to section 153(2) and the impact of retrospective amendments introduced under the Finance Act, 2006. The matter was remanded to the Tribunal for further consideration of the remaining issues raised by the assessee. en-us Wed, 09 Jan 2008 00:00:00 +0530 Tue, 07 Jul 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34035 The Karnataka High Court allowed the Revenue's appeal challenging the Income-tax Appellate Tribunal's decision on the limitation period for issuing notices under sections 143(2) and 147 of the Income-tax Act. The High Court found that the notice issued by the Revenue was within the time limit, contrary to the Tribunal's ruling. The Court emphasized the importance of considering saving provisions like the proviso to section 153(2) and the impact of retrospective amendments introduced under the Finance Act, 2006. The matter was remanded to the Tribunal for further consideration of the remaining issues raised by the assessee. Case-Laws Income Tax Wed, 09 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34035