https://www.taxtmi.com/caselaws?id=38820 Limitation for reassessment under section 34(1)(a) of the Indian Income-tax Act, 1922 was held to be procedural, so the Finance Act, 1956 amendment removing the earlier time limit applied to pending proceedings. Because the reassessment notice had been issued and served within the limitation then in force, and the Income-tax Officer's remedy was not already time-barred when the amendment took effect, no vested right had accrued to the assessee. The reassessment was therefore not barred by limitation, and the issue was answered in favour of the Revenue. en-us Thu, 14 Oct 1976 00:00:00 +0530 Fri, 09 Apr 2010 12:20:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38820 Limitation for reassessment under section 34(1)(a) of the Indian Income-tax Act, 1922 was held to be procedural, so the Finance Act, 1956 amendment removing the earlier time limit applied to pending proceedings. Because the reassessment notice had been issued and served within the limitation then in force, and the Income-tax Officer's remedy was not already time-barred when the amendment took effect, no vested right had accrued to the assessee. The reassessment was therefore not barred by limitation, and the issue was answered in favour of the Revenue. Case-Laws Income Tax Thu, 14 Oct 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38820