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of <h1>Appellate Tribunal Invalidates Assessment Order: Success on Time-Barred Notice</h1> The Appellate Tribunal, Pune, found the assessment order invalid due to a time-barred notice under section 143(2) of the Income Tax Act, rendering the ... - Issues:1. Validity of assessment proceedings based on the limitation period under section 143(2) of the Income Tax Act.2. Charging of interest under sections 234B and 234C of the Act.Issue 1: Validity of Assessment Proceedings:The appeal questioned the validity of assessment proceedings based on the limitation period under section 143(2) of the Income Tax Act. The assessee argued that the notice under section 143(2) was beyond the prescribed time limit, rendering the assessment order null and void. The AO contended that the notice was served within the time limit. The CIT(A) upheld the AO's decision. During the appeal, it was revealed that the notice under section 143(2) was issued after the time limit. The Department claimed an acknowledgment signed by the assessee, but it was for a different assessment year. The Tribunal found that the notice for the relevant assessment year was indeed time-barred. As a result, the assessment order was deemed invalid as the AO did not comply with the mandatory provisions of section 143(2) of the Act.Issue 2: Charging of Interest:The next ground of appeal involved the charging of interest under sections 234B and 234C of the Act. The Tribunal considered this ground as consequential in nature. Consequently, the Tribunal allowed the appeal, indicating that the charging of interest under sections 234B and 234C was also impacted by the invalidity of the assessment order due to the time-barred notice under section 143(2) of the Act.In conclusion, the Appellate Tribunal, Pune, in this judgment addressed the issues regarding the validity of assessment proceedings based on the limitation period under section 143(2) of the Income Tax Act and the charging of interest under sections 234B and 234C of the Act. The Tribunal found the assessment order to be invalid due to the time-barred notice under section 143(2) for the relevant assessment year, leading to the appeal being allowed.
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