2004 (11) TMI 17 - MADRAS HIGH COURT

Notice u/s 148 - The assessees filed returns of income and the same were processed under section 143(1)(a) - The assessees derived income from property and share income from firms. Subsequently, the Assessing Officer issued notices under section 148 finding that the assessees claimed excessive deductions under section 24(1)(vi) of the Act while computing the income from property. The Assessing Officer disallowed the excess claim made by the assessees. In the instant case, admittedly, no notices under section 143(2) of the Act were served on the assessees within the stipulated period of twelve months and, therefore, the proceedings under section 143 of the Act come to an end and the matter becomes final. Hence, applying the ratio laid down by the Punjab and Haryana High Court in Vipan Khanna v. CIT, we are of the view that no substantial question of law arises for our consideration in these appeals. Accordingly, these appeals are dismissed