https://www.taxtmi.com/caselaws?id=35680 The court ruled in favor of the petitioner, holding that the notice under sections 154/155 of the Income Tax Act, 1961 for the assessment year 1970-71 was not applicable due to conflicting interpretations of section 33(6). The court emphasized that the existence of two conceivable opinions on the interpretation of the relevant provision rendered the notice flawed. Consequently, the court directed the respondents to recall and cancel the notice, prohibiting any further action based on it. The court did not delve into the merits of interpreting section 33(6) but focused on the applicability of section 154 to the case. en-us Wed, 12 Nov 1980 00:00:00 +0530 Tue, 16 Mar 2010 10:41:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35680 The court ruled in favor of the petitioner, holding that the notice under sections 154/155 of the Income Tax Act, 1961 for the assessment year 1970-71 was not applicable due to conflicting interpretations of section 33(6). The court emphasized that the existence of two conceivable opinions on the interpretation of the relevant provision rendered the notice flawed. Consequently, the court directed the respondents to recall and cancel the notice, prohibiting any further action based on it. The court did not delve into the merits of interpreting section 33(6) but focused on the applicability of section 154 to the case. Case-Laws Income Tax Wed, 12 Nov 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35680