https://www.taxtmi.com/caselaws?id=344130 The appeal by the Revenue challenging the assessment order under section 144 r.w.s. 147 of the Income-tax Act, 1961 for the assessment year 2007-08 was dismissed. The CIT(A) ruled the assessment order to be time-barred under section 153(2) of the Act as the assessment was completed beyond the specified time limit. The decision emphasizes the significance of complying with statutory time limits for assessments and reassessments to uphold procedural fairness in tax matters. en-us Wed, 07 Jun 2017 00:00:00 +0530 Fri, 09 Jun 2017 05:36:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344130 The appeal by the Revenue challenging the assessment order under section 144 r.w.s. 147 of the Income-tax Act, 1961 for the assessment year 2007-08 was dismissed. The CIT(A) ruled the assessment order to be time-barred under section 153(2) of the Act as the assessment was completed beyond the specified time limit. The decision emphasizes the significance of complying with statutory time limits for assessments and reassessments to uphold procedural fairness in tax matters. Case-Laws Income Tax Wed, 07 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344130