Held that notice under section 148 was issued before expiry of time limit under section 143 (2) of the Act the initiation of reassessment proceedings under s. 147 is invalid in law. Followed CIT v. Qatalys Software Technologies Ltd (2009) 308 ITR 249 (Mad) (HC) CIT v. KM Pachayappan (2008) 304 ITR 264 (Mad) (HC), Trustees of H.E.H. Nizam’s Supplemental Family Trust v. CIT (2000) 159 CTR 114 / 242 TR 381 (SC) (AY. 2012-13)
Rupal Bhupendrasingh Sandhu v. ITO (2022) 219 TTJ 12 (UO) (Ahd)((Trib)
S. 148 : Reassessment-Notice-Time limit for issuance of notice u/s 143(2) has not expired-Reassessment notice is bad in law [S. 143(2), 147]