1995 (1) TMI 3 - SCH - Income Tax

Held that the issuance of a notice within the period of limitation gives jurisdiction to the Income-tax Officer to proceed to make the reassessment

Summary

The Supreme Court dismissed the appeal as the point of law was settled in a previous case. The High Court directed the Appellate Assistant Commissioner to decide the appeal in accordance with law. No costs were awarded. (Case Citation: 1995 (1) TMI 3 - SC)