https://www.taxtmi.com/caselaws?id=34672 The court dismissed both writ petitions, upholding the validity of the reassessment proceedings under Section 150(1) of the Income-tax Act, 1961. It emphasized that Section 150(1) overrides the limitation period and procedural safeguards, directing the Assessing Officer to proceed with the reassessment. The court clarified that any misdescription of the legal provision would not impact the proceedings' merits. en-us Mon, 20 Jul 2009 00:00:00 +0530 Wed, 07 Oct 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34672 The court dismissed both writ petitions, upholding the validity of the reassessment proceedings under Section 150(1) of the Income-tax Act, 1961. It emphasized that Section 150(1) overrides the limitation period and procedural safeguards, directing the Assessing Officer to proceed with the reassessment. The court clarified that any misdescription of the legal provision would not impact the proceedings' merits. Case-Laws Income Tax Mon, 20 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34672