https://www.taxtmi.com/caselaws?id=36990 Under the Super Profits Tax Act, 1963, no limitation period was prescribed for completing the assessment for the relevant year. Sections 6 and 9 governed return filing and reassessment of escaped profits, but section 9(b) only restricted the timing of notice in escaped-assessment cases and did not impose a time bar on the assessment order itself. Although section 19 incorporated selected Income-tax Act, 1961 provisions, section 153, which expressly fixes assessment limitation, was not adopted. In the absence of an express statutory limit, no limitation could be implied from section 9(b), and the assessment order was held not to be time-barred. en-us Tue, 19 Dec 1978 00:00:00 +0530 Thu, 25 Mar 2010 17:05:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36990 Under the Super Profits Tax Act, 1963, no limitation period was prescribed for completing the assessment for the relevant year. Sections 6 and 9 governed return filing and reassessment of escaped profits, but section 9(b) only restricted the timing of notice in escaped-assessment cases and did not impose a time bar on the assessment order itself. Although section 19 incorporated selected Income-tax Act, 1961 provisions, section 153, which expressly fixes assessment limitation, was not adopted. In the absence of an express statutory limit, no limitation could be implied from section 9(b), and the assessment order was held not to be time-barred. Case-Laws Income Tax Tue, 19 Dec 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36990