Tribunal held that show cause notice issued by Assessing Officer initiating proceedings under section 201(1) against assessee after four years is  barred by limitation. On appeal the Court held that  there is  no specific period of limitation prescribed for initiating a proceeding under section 201(1) and 201(1A), therefore, reasonable period is to depend on facts and circumstances of each case and that neither a period of four years nor a period of one  year could be said to be period of limitation for same. Order of Tribunal is set aside. Matter is remanded to  the Commissioner of Income-tax (Appeals)for passing fresh orders. Followed Dr.Reddy’s Laboratories Ltd v. Dy.CIT(IT) (2023) 22 ITR-OL 478(Telangana)(HC).  (AY. 2007-08, 2008-09, 2010-11)