Section 147 of Income-tax Act – Unless twin conditions of proviso to section 147 are satisfied, notice issued under section 148 is without jurisdiction and on that ground alone notice is liable to be quashed

Advertisement CASE LAWS DETAILS DECIDED BY: HIGH COURT OF MADRAS, IN THE CASE OF: Sri Sakthi Textiles Ltd. Vs. JCIT, APPEAL NO: W.P. Nos. 2498 to 2500 of 2000, DECIDED ON August 4, 2010 The scope and effect of section 147 as substituted with effect from April 1, 1989, as also sections 148 to 152 are substantially different from the provisions as they stood prior to such substitution. Under the old provisions of section 147, separate clauses (a) and (b) laid down the circumstances under which income escaping assessment for the past assessment years could be assessed or reassessed. To confer ...