2010 (9) TMI 206 - HC - Income Tax

Reassessment proceedings - notices were issued and dispatched on 31.3.2003 - According to the respondent, notices were served on the same day; whereas according to the appellant, they were served after that date - reassessment orders were passed on 18.2.2005 and they were barred by time - Held that - no illegality in the order passed by the Tribunal. No substantial question of law is involved - Appeal is dismissed

Summary

The High Court of Allahabad dismissed the appeal regarding reassessment proceedings under Section 148 of the Income Tax Act, 1961 for the assessment years 1998-99, 1999-2000, and 2000-01. The Tribunal determined that the notices were served on 31.3.2003, making the reassessment orders passed on 18.2.2005 time-barred. The appeal was dismissed as no substantial question of law was involved.