Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2013 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (7) TMI 651 - HC - Income TaxNotice for reassessment u/s 148 - Bar of limitation u/s 149 - The two notices have been challenged on the ground that they have been issued after the period prescribed under Section 149 of the Act for taking proceedings under Section 147 and 148 of the Act has expired and the notices are barred by limitation - the order dated 19.12.2003 was passed by the CIT (Appeals) and the order dated 11.1.2005 passed by the CIT - the period of limitation for making assessment/reassessment for the assessment year 1992-93 to 1996-97 had already expired long back on 31.3.2003 - in any event the department cannot take shelter behind the provision of Section 150 (1) - which conclusion therefore is irresistible and the notices issued for the A.Y.1992-93 to 96-97 are beyond the period of limitation – petition decided in favour of assessee
|