https://www.taxtmi.com/caselaws?id=757273 HC held the revenue's notices dated 21.07.2023, 09.08.2023 and 16.08.2023 invalid as barred by the statutory limitation in s.153(3) following the Tribunal's remand order. Because no fresh assessment was completed within the prescribed period, the earlier assessment could not be reopened; the taxpayer's returned income is deemed accepted and the excess tax paid for the relevant year must be refunded by the department. The court ordered the impugned notices set aside for failure to act within the mandated timeframe. en-us Tue, 13 Aug 2024 00:00:00 +0530 Sat, 20 Sep 2025 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757273 HC held the revenue's notices dated 21.07.2023, 09.08.2023 and 16.08.2023 invalid as barred by the statutory limitation in s.153(3) following the Tribunal's remand order. Because no fresh assessment was completed within the prescribed period, the earlier assessment could not be reopened; the taxpayer's returned income is deemed accepted and the excess tax paid for the relevant year must be refunded by the department. The court ordered the impugned notices set aside for failure to act within the mandated timeframe. Case-Laws Income Tax Tue, 13 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757273