(1) Notwithstanding anything contained in section 149, the notice under section 148 may be issued at any time for the purpose of making an assessment or reassessment or recomputation in consequence of or to give effect to any finding or direction contained in an order passed by any authority in any proceeding under this Act by way of appeal, reference or revision 1 or by a Court in any proceeding under any other law.
(2) The provisions of sub-section (1) shall not apply in any case where any
such assessment, reassessment or recomputation as is referred to in that
sub-section relates to an assessment year in respect of which an assessment,
reassessment or recomputation could not have been made at the time the order
which was the subject-matter of the appeal, reference or revision, as the case
may be, was made by reason of any other provision limiting the time within which
any action for assessment, reassessment or recomputation may be taken.
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1. Added by Act 4 of 1988, s. 56 (w.e.f. 1-4-1989).
Section 144 Best judgment assessment
Section 144A Power of Joint Commissioner to issue directions in certain cases
Section 144BA Reference to Principal Commissioner or Commissioner in certain cases
Section 144C Reference to dispute resolution panel
Section 145 Method of accounting
Section 145A Method of accounting in certain cases
Section 147 Income escaping assessment
Section 148 Issue of notice where income has escaped assessment
Section 149 Time limit for notice
Section 150 Provision for cases where assessment is in pursuance of an order on appeal, etc