https://www.taxtmi.com/caselaws?id=366379 The court held in favor of the appellant - revenue, determining that the draft assessment order was validly passed within the prescribed time under Section 153 of the Income Tax Act. The court emphasized the strict adherence to time limits and excluded the special audit period for computing the limitation period. The case was remanded to the Tribunal for a fresh decision on merits, with no order as to costs. en-us Mon, 20 Aug 2018 00:00:00 +0530 Mon, 03 Sep 2018 12:14:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366379 The court held in favor of the appellant - revenue, determining that the draft assessment order was validly passed within the prescribed time under Section 153 of the Income Tax Act. The court emphasized the strict adherence to time limits and excluded the special audit period for computing the limitation period. The case was remanded to the Tribunal for a fresh decision on merits, with no order as to costs. Case-Laws Income Tax Mon, 20 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366379