Held, that the provisions under sections 154 and 148 of the Act are for different purposes and so long as the conditions for initiating proceedings under section 148 of the Act were satisfied, the initiation of proceedings could not be held to be invalid. (AY. 2009-10, 2010-11)
Karnataka State Beverages Corporation Ltd. v. ACIT (2022) 99 ITR 325 (Bang) (Trib)
S. 148 : Reassessment-Notice-Proceedings for rectification of mistake dropped after considering reply-Reassessment proceedings cannot be held to be invalid. [S. 147, 154]