2017 (9) TMI 124 - SCH - Income Tax

Reassessment u/s 147 - Notice for income escapement u/s 148 beyond 4 years Barred by limitation - reasons to believe - Held that - SLP dismissed. HC order confirmed. 2013 (7) TMI 317 - DELHI HIGH COURT notices under Section 148 have all been issued beyond the said period of six years. Therefore, we are of the view that the said notices are time barred-notices under Section 148 of the said Act are set aside and so, too, are all the proceedings pursuant thereto, including the assessment orders that have been passed Decided in the favour of the assessee.