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2009 (7) TMI 95 - HC - Income TaxReassessment – held that - the provisions of section 150(1) of the Act opens with a non obstante clause and overrides every other provision of the Act including sections 147, 149, 151, etc. It is thus evident that if circumstances exist so as to justify initiation of proceedings under section 150(1) of the Act, then other circumstances indicated in section 147 and the allied provisions of the Act are not required to be complied with - It is evident that certain items have been deleted from the assessed income of Sanjiv Kumar and have been directed to be considered in the petitioner’s case. This is to give effect to the appellate order of an authority contemplated by section 150(1) of the Act. - it is open to the authorities to reopen the concluded assessment proceedings
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