TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Delhi HC rules notice under Income Tax Act time-barred, sets aside order.</h1> <h3>ORACLE INDIA PRIVATE LTD. Versus DEPUTY COMMISSIONER OF INCOME TAX</h3> The Delhi HC ruled in favor of the petitioner, finding the notice issued by DCIT Circle 51 (1) under Section 201 of the Income Tax Act for FY 2007-2008 to ... Validity of notice under Section 201 - period of limitation - Held that:- The proviso to sub-Section (3) stipulates that an order can be passed at any time on or before 31.03.2011. This makes it clear that insofar as the Financial Year 2007-2008 is concerned, in the circumstances of this case, no order can be made under sub-Section (1) of Section 201 after 31.03.2011. Since the notice itself had been issued on 17.02.2014, it is clearly time barred. Consequently, the impugned notice dated 17.02.2014, as also the order dated 14.03.2014, cannot survive. They are set aside. - Decided in favour of assessee. The Delhi High Court ruled in favor of the petitioner in a writ petition challenging a notice issued by DCIT Circle 51 (1) under Section 201 of the Income Tax Act for the Financial Year 2007-2008. The court found the notice to be time-barred as it was issued after 31.03.2011, contrary to the proviso in Section 201(3). The notice and subsequent order were set aside, and the writ petition was allowed with no costs.
TaxTMI 
TaxTMI 
