https://www.taxtmi.com/caselaws?id=471991 Section 153(2) requires reassessment within one year from the end of the financial year in which the Section 148 notice is served. A request to Swiss authorities for information relating to financial year 2006-07 could not extend that period because the relevant exchange-of-information protocol applied only to fiscal years commencing on or after 1 April 2011. Notice served on 30 March 2012 therefore required completion by 31 March 2013. The reassessment order made on 18 March 2014 was time-barred, and the reassessment proceedings were quashed. en-us Tue, 15 Apr 2025 00:00:00 +0530 Fri, 25 Sep 2026 20:15:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471991 Section 153(2) requires reassessment within one year from the end of the financial year in which the Section 148 notice is served. A request to Swiss authorities for information relating to financial year 2006-07 could not extend that period because the relevant exchange-of-information protocol applied only to fiscal years commencing on or after 1 April 2011. Notice served on 30 March 2012 therefore required completion by 31 March 2013. The reassessment order made on 18 March 2014 was time-barred, and the reassessment proceedings were quashed. Case-Laws Income Tax Tue, 15 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471991