https://www.taxtmi.com/caselaws?id=463610 HC dismissed the petition and upheld the validity of reassessment proceedings. The court found the information before revenue prima facie relevant and noted no prior s.143(3) assessment for the year, so earlier examination did not occur. As escapement exceeded Rs.8 crore, s.149(1)(b) governs limitation, extending the reassessment period beyond 31.3.2021; the notice dated 6.3.2024 therefore falls within time. The HC left objections to be decided by the Assessing Authority, declined detailed findings, and affirmed jurisdiction to proceed with reassessment. en-us Tue, 09 Apr 2024 00:00:00 +0530 Mon, 08 Sep 2025 18:59:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463610 HC dismissed the petition and upheld the validity of reassessment proceedings. The court found the information before revenue prima facie relevant and noted no prior s.143(3) assessment for the year, so earlier examination did not occur. As escapement exceeded Rs.8 crore, s.149(1)(b) governs limitation, extending the reassessment period beyond 31.3.2021; the notice dated 6.3.2024 therefore falls within time. The HC left objections to be decided by the Assessing Authority, declined detailed findings, and affirmed jurisdiction to proceed with reassessment. Case-Laws Income Tax Tue, 09 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463610