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2017 (5) TMI 1781 - HC - Income TaxReopening of assessment u/s 147 - Period of limitation to issue notice - HELD THAT:- The Tribunal in the impugned order has commented and stated that in the affidavit/service report submitted by the Inspector, the date of the notice was mentioned as 30.10.2001. This is clearly a clerical or typographical error as the date on the notice is 31.10.2001 and it is clearly reflected in Annexure A. It is not the case of either party that the notice was issued on 30.10.2001. Of course, there cannot be any doubt that department should have taken precaution and should have issued notice well in advance, as they knew that the limitation period for service would expire on 31.10.2001. Had care been taken this entire exercise and appeal would have been avoided. In view of the facts stated above question of law is answered in favour of Revenue and against the respondent.
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