https://www.taxtmi.com/caselaws?id=237833 The High Court upheld the Tribunal's decision that the assessment framed on 31st March, 1989 for the assessment year 1985-86 was time-barred under Section 153(1)(a) due to the invalid notice issued by the Assessing Officer. The Court emphasized the necessity for the Assessing Officer to establish concealment or inaccurate particulars before invoking extended periods of limitation under the Act. The judgment ruled in favor of the assessee, dismissing the appeal and highlighting the importance of adherence to statutory timelines. en-us Tue, 23 Jul 2013 00:00:00 +0530 Mon, 07 Oct 2013 22:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237833 The High Court upheld the Tribunal's decision that the assessment framed on 31st March, 1989 for the assessment year 1985-86 was time-barred under Section 153(1)(a) due to the invalid notice issued by the Assessing Officer. The Court emphasized the necessity for the Assessing Officer to establish concealment or inaccurate particulars before invoking extended periods of limitation under the Act. The judgment ruled in favor of the assessee, dismissing the appeal and highlighting the importance of adherence to statutory timelines. Case-Laws Income Tax Tue, 23 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237833