https://www.taxtmi.com/caselaws?id=338216 The High Court affirmed the Tribunal's decision regarding the interpretation of Section 153(2A) for the limitation period in income tax assessment. It held that the assessment order was time-barred under Section 153(2A), supporting the Tribunal's decision to set it aside. The Court also found that Section 153(3) was not applicable to the consequential order passed by the Assessing Officer. Ultimately, the Court dismissed the appeal, ruling that the assessment was made beyond the prescribed period but within the scope of the Tribunal's directions for a fresh assessment. en-us Mon, 09 Jan 2017 00:00:00 +0530 Sat, 28 Jan 2017 10:36:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338216 The High Court affirmed the Tribunal's decision regarding the interpretation of Section 153(2A) for the limitation period in income tax assessment. It held that the assessment order was time-barred under Section 153(2A), supporting the Tribunal's decision to set it aside. The Court also found that Section 153(3) was not applicable to the consequential order passed by the Assessing Officer. Ultimately, the Court dismissed the appeal, ruling that the assessment was made beyond the prescribed period but within the scope of the Tribunal's directions for a fresh assessment. Case-Laws Income Tax Mon, 09 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338216