Reopening of assessment

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....ped assessment in the following cases, namely:-     (a) where the tax base for the relevant financial year exceeds the maximum amount not liable to tax but,-        (i) the return of the tax base has not been furnished;        (ii) no notice has been issued under section 151 or section 152; and        (iii) the time limitation for issuing such notice has expired;     (b) where a return of tax bases has been furnished by the assessee, but -        (i) no communication has been received under section 156;        (ii) the time limitation for issu....

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.... the Board;        (vii)the computation or assessment has not been made by the Assessing Officer in accordance with any order, direction, instruction or circular issued, before making of the assessment, by an authority to whom the Assessing Officer is subordinate;or        (viii)any objection has been raised, or observation made, by the Comptroller and Auditor General of India to the effect that  the assessment has not been made in accordance with the provisions of this Code or the Income-tax Act, 1961;     (d) where search and seizure operation has been carried out under section 139, or material has been obtained in pursuance to a requisition under sec....

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....) for issue of such notice had not expired at the time the order, which was the subject-matter of appeal, reference or revision was made. (8) No notice under sub-section (2) shall be issued by the Assessing Officer unless the Chief Commissioner or Commissioner,-     (a) is satisfied on the reasons recorded by the Assessing Officer, that it is a fit case for the issue of such notice; and     (b) he grants his approval for issue of such notice by the Assessing Officer. (9) Any assessment proceeding relating to any financial year falling within the period of seven financial years referred to in sub-section (6) shall abate if it is pending on the date of the initiation of the search, or on the date of o....