1996 (7) TMI 31 - HC - Income Tax

Summary

The High Court of Kerala ruled in a case regarding the Agricultural Income-tax Act, 1950 for the assessment year 1973-74. The court held that the notice under section 35(1) must be served within the statutory period of limitation, not just issued. Failure to do so renders the proceedings void ab initio. The court quashed the impugned order and restored the earlier order, setting aside the assessment as time-barred. (Case Citation: 1996 (7) TMI 31 - Kerala High Court)