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2013 (12) TMI 710 - AT - Income TaxWhether notice u/s 142(1) issued after end of one year from the relevant assessment year is barred by limitation or not - Held that:- Following DIT vs. KLM Royal Dutch Airlines [2007 (7) TMI 577 - DELHI HIGH COURT] - The notice issued u/s 142(1) of the Act is valid and consequently the assessment order passed cannot be held to be invalid in law - As per the proviso inserted to section 142(1) of the Act by Finance Act 2006 with retrospective effect from 1-4-1990 has clearly done away with any limitation with regard to the issuance of notice u/s 142(1) of the Act - The issue was restored for fresh adjudication.
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