2004 (5) TMI 580

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..... ance of direction of the Tribunal has been made within time-limit. 2. Learned counsel for the appellant submits that the assessment in consequence of the order of the Tribunal is not within time-limit. 3. Learned counsel for the Department, Mr. Anuroop Singhi and Mrs. Parinitoo Jain submit that in view of provisions of sub-s. (1) of s. 150 of the IT Act, 1961, the assessment in pursuance of .....

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..... s. 149, the notice for assessment or reassessment or recomputation can be issued in consequence of the finding or direction given by any authority in the order of appeal. The relevant sub-s. (1) of s. 150 of the Act reads as under: Notwithstanding anything contained in s. 149, the notice under s. 148 may be issued at any time for the purpose of making an assessment or reassessment or recomputa .....

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