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2012 (7) TMI 939 - AT - Income TaxReopening of assessment - whether the lapse of issuing notice under section 143 (2) of the Act beyond prescribed time limit can be cured by the provisions of section 292BB? - Held that:- Notice under section 143(2) was issued beyond the prescribed limit, hence, it was not a valid notice. As the assessment year under consideration is prior to AY 2008-09, so, provisions of section 292BB of the Act are also not applicable. In our opinion assessment proceedings completed in pursuance of a time barred notice were bad in law and invalid.
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