TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of The HC ruled that for Section 201(1) proceedings the statutory six-year period (adopted as the reasonable yardstick) governs the limitation inquiry, rejecting a blanket seven-year or one-size-fits-all approach and criticizing Revenue delay. Applying the six-year reckoning, the order for AY 2010-11 was set aside as time-barred; the order for AY 2011-12 was held valid as within the limitation period; orders for the remaining assessment years (subsequent four years) were set aside for being passed beyond six years. The court therefore quashed time-barred Section 201 orders and upheld only the order falling within the six-year limitation.
TaxTMI 
TaxTMI 
