https://www.taxtmi.com/caselaws?id=247893 The assessment order dated 04/1/1996 was deemed barred by limitation under Section 153 of the Income Tax Act, 1961. The court held that the order exceeded the prescribed period as the assessment should have been completed by 30/9/1995, considering the stay on assessment proceedings. Additionally, the assessment order could not be considered as made in consequence of the High Court's order dated 01/8/1995, as the latter did not contain any relevant finding or direction. Consequently, all appeals were dismissed in favor of the assessee and against the Revenue. en-us Thu, 22 May 2014 00:00:00 +0530 Mon, 26 May 2014 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247893 The assessment order dated 04/1/1996 was deemed barred by limitation under Section 153 of the Income Tax Act, 1961. The court held that the order exceeded the prescribed period as the assessment should have been completed by 30/9/1995, considering the stay on assessment proceedings. Additionally, the assessment order could not be considered as made in consequence of the High Court's order dated 01/8/1995, as the latter did not contain any relevant finding or direction. Consequently, all appeals were dismissed in favor of the assessee and against the Revenue. Case-Laws Income Tax Thu, 22 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247893