https://www.taxtmi.com/caselaws?id=340737 The Court dismissed the appeals, affirming the Tribunal's judgment dated 31.07.2015. It held that the Tribunal's recall of orders without notice to the Assessee breached natural justice principles but rectified the error. The Court emphasized that the Tribunal exceeded its jurisdiction by recalling orders beyond the prescribed period of limitation and clarified that suo motu powers must align with statutory limitations. Despite procedural irregularities, the Court found the judgment valid as the petitions were time-barred. The decision underscored the importance of upholding statutory limits and natural justice in tax proceedings for fair outcomes. en-us Mon, 06 Mar 2017 00:00:00 +0530 Sat, 25 Mar 2017 09:28:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340737 The Court dismissed the appeals, affirming the Tribunal's judgment dated 31.07.2015. It held that the Tribunal's recall of orders without notice to the Assessee breached natural justice principles but rectified the error. The Court emphasized that the Tribunal exceeded its jurisdiction by recalling orders beyond the prescribed period of limitation and clarified that suo motu powers must align with statutory limitations. Despite procedural irregularities, the Court found the judgment valid as the petitions were time-barred. The decision underscored the importance of upholding statutory limits and natural justice in tax proceedings for fair outcomes. Case-Laws Income Tax Mon, 06 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340737