https://www.taxtmi.com/caselaws?id=368819 The appeals by the Revenue challenging the order passed by the CIT (Appeals) for the assessment year 2009-10 were dismissed. The main issue was the timing of the assessment order, with the Revenue arguing it was within the six-year limit. The case involved nationalized bank branches contesting demand notices and interest levied under Sections 201 & 201(1A) of the Act. The CIT (Appeals) relied on a Gujarat High Court decision to invalidate demands raised beyond four years due to timely filed returns. The Tribunal upheld the CIT (Appeals) decision, emphasizing adherence to statutory time limits and judicial precedents in demand validity. en-us Mon, 20 Aug 2018 00:00:00 +0530 Mon, 15 Oct 2018 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368819 The appeals by the Revenue challenging the order passed by the CIT (Appeals) for the assessment year 2009-10 were dismissed. The main issue was the timing of the assessment order, with the Revenue arguing it was within the six-year limit. The case involved nationalized bank branches contesting demand notices and interest levied under Sections 201 & 201(1A) of the Act. The CIT (Appeals) relied on a Gujarat High Court decision to invalidate demands raised beyond four years due to timely filed returns. The Tribunal upheld the CIT (Appeals) decision, emphasizing adherence to statutory time limits and judicial precedents in demand validity. Case-Laws Income Tax Mon, 20 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368819