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2003 (4) TMI 90 - HC - Income Tax
Reopening of assessment – limitation - The moot question we are required to consider is the validity and legality of the notices, all dated July 29, 1994, issued by the respondent-Income-tax Department under section 148 of the Income-tax Act, 1961, for reopening the respective assessment under section 147 - Pursuant to an interim order passed in the writ petition, the assessment orders have since been made. Since we have quashed the notices, the assessment orders made pursuant to such notices respectively in the respective cases cannot be sustained and accordingly stand quashed.