https://www.taxtmi.com/caselaws?id=194695 The assessment order dated 10.10.2011 passed by the Assessing Officer under section 143(3)/147 of the Income Tax Act was held to be barred by limitation. The ld CIT(A) and the Tribunal both concluded that the assessment order exceeded the permissible time limit as per statutory provisions, considering the exclusion of the period of stay granted by the Hon'ble High Court. Consequently, the Tribunal dismissed the appeal by the Revenue and the cross objection by the assessee, affirming that the assessment order was invalid due to exceeding the statutory time limit. en-us Tue, 27 Jan 2015 00:00:00 +0530 Wed, 20 Sep 2017 07:34:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194695 The assessment order dated 10.10.2011 passed by the Assessing Officer under section 143(3)/147 of the Income Tax Act was held to be barred by limitation. The ld CIT(A) and the Tribunal both concluded that the assessment order exceeded the permissible time limit as per statutory provisions, considering the exclusion of the period of stay granted by the Hon'ble High Court. Consequently, the Tribunal dismissed the appeal by the Revenue and the cross objection by the assessee, affirming that the assessment order was invalid due to exceeding the statutory time limit. Case-Laws Income Tax Tue, 27 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194695