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2013 (11) TMI 1046 - HC - Income TaxReassessment u/s 143(3)/147 – Held that:- The return was furnished on 1st May, 2000. The notice under section 143(2) of the act was served upon the assessee after twelve months from the date of filing of the return but before the expiry of the time limit for making the assessment/ reassessment as provided under section 153(2) – The time limit for making reassessment was upto 31st March, 2002 - Notice u/s 143(2) of the act having been served before 31st March, 2002 and reassessment having been made before that date - In view of the newly inserted proviso to sub-section (1) of Section 148 of the Act, w.e.f. 1.10.1991, the notice issued under section 143(2) is a valid notice – Decided in favour of Revenue.
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