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<h1>Assessment Order Annulled for 1974-75 Exceeded Limitation Period</h1> The HC of Punjab and Haryana annulled the assessment order for the assessment year 1974-75 due to exceeding the limitation period. The Revenue's request ... - The High Court of Punjab and Haryana annulled an assessment order for the assessment year 1974-75 as it was found to be beyond the period of limitation. The Tribunal rejected the Revenue's contention of extending the limitation period. The court ruled in favor of the assessee, citing a previous case precedent. The judgment was delivered by Judge N.K. Sud.