https://www.taxtmi.com/caselaws?id=178395 The Appellate Tribunal ITAT Chennai ruled that the reassessment was time-barred due to a delay in serving the order to the assessee. Emphasizing compliance with time limits under section 153 of the Income Tax Act, the Tribunal held that assessments made beyond the prescribed period are invalid. It differentiated the case from previous decisions, highlighting the necessity for orders to be issued within specified time frames to be valid. The Tribunal dismissed the Revenue's attempt to review the order, underscoring the importance of timely notifications for assessment validity. en-us Fri, 24 Sep 2010 00:00:00 +0530 Wed, 03 Feb 2016 18:52:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178395 The Appellate Tribunal ITAT Chennai ruled that the reassessment was time-barred due to a delay in serving the order to the assessee. Emphasizing compliance with time limits under section 153 of the Income Tax Act, the Tribunal held that assessments made beyond the prescribed period are invalid. It differentiated the case from previous decisions, highlighting the necessity for orders to be issued within specified time frames to be valid. The Tribunal dismissed the Revenue's attempt to review the order, underscoring the importance of timely notifications for assessment validity. Case-Laws Income Tax Fri, 24 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178395