1990 (9) TMI 55 - HC - Income Tax

Summary

The High Court of Kerala held that the notice served after the limitation period did not invalidate the assessment. The Tribunal erred in canceling the assessment, as per the Supreme Court ruling in R. K. Upadhyaya v. Shanabhai P. Patel [1987] 166 ITR 163. The assessment was deemed valid, and the court ruled in favor of the Revenue.