https://www.taxtmi.com/caselaws?id=68536 The tribunal upheld the annulment of the assessment for the assessment year 1993-94 due to the notice under section 142 being issued beyond the prescribed 12-month period, as mandated by legal precedents like Kurban Hussain Ibrahimji Mithiborwala vs. CIT (1968). Emphasizing the significance of adhering to statutory timelines, the tribunal dismissed the Revenue's appeal, citing that a notice served beyond the time limit renders the assessment invalid, in line with legal principles and case laws such as Arasina Hotels Ltd. vs. Dy. CIT (1997) and Mrs. C. Malathy vs. ITO (2004). en-us Wed, 19 May 2004 00:00:00 +0530 Thu, 31 Mar 2011 10:14:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68536 The tribunal upheld the annulment of the assessment for the assessment year 1993-94 due to the notice under section 142 being issued beyond the prescribed 12-month period, as mandated by legal precedents like Kurban Hussain Ibrahimji Mithiborwala vs. CIT (1968). Emphasizing the significance of adhering to statutory timelines, the tribunal dismissed the Revenue's appeal, citing that a notice served beyond the time limit renders the assessment invalid, in line with legal principles and case laws such as Arasina Hotels Ltd. vs. Dy. CIT (1997) and Mrs. C. Malathy vs. ITO (2004). Case-Laws Income Tax Wed, 19 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68536