https://www.taxtmi.com/caselaws?id=190908 The High Court allowed the appeal in favor of the assessee, setting aside the orders of the Income Tax Appellate Tribunal, Commissioner of Income Tax (Appeals), and the Assessing Officer. The Court held that the assessment order for the assessment year 1989-90 was barred by limitation under Section 148 of the Income Tax Act as it was completed beyond the two-year period from the date of issuing the notice. The subsequent notice issued did not extend the limitation period, and the assessment should have been completed within two years of the initial notice. en-us Wed, 28 Nov 2007 00:00:00 +0530 Wed, 08 Mar 2017 18:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190908 The High Court allowed the appeal in favor of the assessee, setting aside the orders of the Income Tax Appellate Tribunal, Commissioner of Income Tax (Appeals), and the Assessing Officer. The Court held that the assessment order for the assessment year 1989-90 was barred by limitation under Section 148 of the Income Tax Act as it was completed beyond the two-year period from the date of issuing the notice. The subsequent notice issued did not extend the limitation period, and the assessment should have been completed within two years of the initial notice. Case-Laws Income Tax Wed, 28 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190908