https://www.taxtmi.com/caselaws?id=269323 The High Court upheld the Income Tax Appellate Tribunal's decision in a case concerning assessment completion time under Section 153B of the Income Tax Act. The court emphasized that passing restraint orders does not extend the assessment completion time and invalidated assessments due to the absence of incriminating material. The court held that without incriminating material, assessments under Sections 153A or 153C would not be valid. The Revenue's attempts to extend the assessment period using restraint orders for other persons were rejected, and the court concluded that no substantial question of law arose from the ITAT's order. en-us Mon, 30 Nov 2015 00:00:00 +0530 Sat, 12 Dec 2015 13:09:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269323 The High Court upheld the Income Tax Appellate Tribunal's decision in a case concerning assessment completion time under Section 153B of the Income Tax Act. The court emphasized that passing restraint orders does not extend the assessment completion time and invalidated assessments due to the absence of incriminating material. The court held that without incriminating material, assessments under Sections 153A or 153C would not be valid. The Revenue's attempts to extend the assessment period using restraint orders for other persons were rejected, and the court concluded that no substantial question of law arose from the ITAT's order. Case-Laws Income Tax Mon, 30 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269323