<h1>Madras High Court: Six-Year Delay in Tax Assessment Proceedings Unjustifiable u/s 153(3) of Income Tax Act, 1961.</h1> Section 153(3) of the Income Tax Act, 1961, allows certain assessments, reassessments, and recomputations to be completed without a specified time limit. However, the Madras High Court ruled that despite the absence of a prescribed time limit, proceedings initiated after an unexplained six-year delay were unjustifiable. The court emphasized the need for due diligence and vigilance in exercising rights, leading to the quashing of the impugned proceedings. The writ petition was allowed, and the related miscellaneous petition was closed, with no costs awarded.