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Reassessment proceedings initiation during Rectification Application Pendency is Invalid: SC
Case Law Details
- Case Name
- S.M. Overseas Pvt. Ltd. Vs CIT (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
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S.M. Overseas Pvt. Ltd. Vs CIT (Supreme Court of India)
High Court has committed serious error in observing and holding that the notice under Section 154 was invalid as the same was beyond the period of limitation as prescribed/provided under Section 154(7) of the Act. It is required to be noted that the proceedings under Section 154 of the Act were not the subject-matter before the High Court. Nothing was on record that, in fact, the notice under Section 154 of the Act was withdrawn on the ground that the same was beyond the period of limitation prescribed under Section 154(7...
