https://www.taxtmi.com/caselaws?id=327343 The Tribunal held that the fresh assessment framed on 25.3.2009 is barred by limitation under Section 153(2A) of the Income Tax Act, 1961. The Tribunal's order effectively set aside the original assessment, necessitating a fresh assessment within the prescribed time limit. The Tribunal dismissed the appeals of both the assessee and the revenue as infructuous, as the assessment was declared a nullity. The cross objection of the assessee was allowed, and the order was pronounced on 23.03.2016. en-us Wed, 23 Mar 2016 00:00:00 +0530 Tue, 03 May 2016 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327343 The Tribunal held that the fresh assessment framed on 25.3.2009 is barred by limitation under Section 153(2A) of the Income Tax Act, 1961. The Tribunal's order effectively set aside the original assessment, necessitating a fresh assessment within the prescribed time limit. The Tribunal dismissed the appeals of both the assessee and the revenue as infructuous, as the assessment was declared a nullity. The cross objection of the assessee was allowed, and the order was pronounced on 23.03.2016. Case-Laws Income Tax Wed, 23 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327343