https://www.taxtmi.com/caselaws?id=271700 The Tribunal upheld the CIT(A)'s decision that the Assessing Officer's order for AY 2002-03 was barred by limitation under sections 201(1) and 201(1A) of the Income Tax Act, 1961. The Tribunal found that the order exceeded the four-year limitation period from the relevant financial year, as established in previous court decisions. The Tribunal dismissed the Revenue's appeal, affirming the cancellation of the AO's order and emphasizing the importance of adhering to reasonable time limits in tax assessments. en-us Wed, 10 Feb 2016 00:00:00 +0530 Fri, 12 Feb 2016 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271700 The Tribunal upheld the CIT(A)'s decision that the Assessing Officer's order for AY 2002-03 was barred by limitation under sections 201(1) and 201(1A) of the Income Tax Act, 1961. The Tribunal found that the order exceeded the four-year limitation period from the relevant financial year, as established in previous court decisions. The Tribunal dismissed the Revenue's appeal, affirming the cancellation of the AO's order and emphasizing the importance of adhering to reasonable time limits in tax assessments. Case-Laws Income Tax Wed, 10 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271700