https://www.taxtmi.com/caselaws?id=451177 HC held that once an order under Section 245D(4) is passed by the ITSC for a particular assessment year, it attains finality under Section 245-I and the assessment for that year cannot be reopened under Sections 147/148, except on the limited grounds of fraud or misrepresentation within Chapter XIX-A. The legislative scheme governing the ITSC is self-contained and intended to preclude parallel or conflicting assessments. As the ITSC had already settled the relevant assessment year covering the very issues raised, the Assessing Officer lacked jurisdiction to issue reassessment notices. The HC accordingly quashed the impugned notice, corrigendum and reassessment order. en-us Tue, 19 Mar 2024 00:00:00 +0530 Sat, 13 Dec 2025 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451177 HC held that once an order under Section 245D(4) is passed by the ITSC for a particular assessment year, it attains finality under Section 245-I and the assessment for that year cannot be reopened under Sections 147/148, except on the limited grounds of fraud or misrepresentation within Chapter XIX-A. The legislative scheme governing the ITSC is self-contained and intended to preclude parallel or conflicting assessments. As the ITSC had already settled the relevant assessment year covering the very issues raised, the Assessing Officer lacked jurisdiction to issue reassessment notices. The HC accordingly quashed the impugned notice, corrigendum and reassessment order. Case-Laws Income Tax Tue, 19 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451177