https://www.taxtmi.com/caselaws?id=61477 The Tribunal ruled in favor of the assessees, finding that the notices issued under s. 148 were time-barred and therefore invalid. Consequently, the reassessments and penalties based on those notices were quashed, leading to the allowance of the appeals by the assessees. The High Court upheld the Tribunal's decision, affirming that the assessment proceedings were without jurisdiction due to the time-barred notices. en-us Fri, 28 Sep 2001 00:00:00 +0530 Wed, 12 Jan 2011 17:27:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61477 The Tribunal ruled in favor of the assessees, finding that the notices issued under s. 148 were time-barred and therefore invalid. Consequently, the reassessments and penalties based on those notices were quashed, leading to the allowance of the appeals by the assessees. The High Court upheld the Tribunal's decision, affirming that the assessment proceedings were without jurisdiction due to the time-barred notices. Case-Laws Income Tax Fri, 28 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61477