2004 (5) TMI 580

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d in this appeal is whether assessment in pursuance of direction of the Tribunal has been made within time-limit. 2. Learned counsel for the appellant submits that the assessment in consequence of the order of the Tribunal is not within time-limit. 3. Learned counsel for the Department, Mr. Anuroop Singhi and Mrs. Parinitoo Jain submit that in view of provisions of sub-s. (1) of s. 150 of the IT....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....de that notwithstanding, anything contained in s. 149, the notice for assessment or reassessment or recomputation can be issued in consequence of the finding or direction given by any authority in the order of appeal. The relevant sub-s. (1) of s. 150 of the Act reads as under: "Notwithstanding anything contained in s. 149, the notice under s. 148 may be issued at any time for the purpose of....