https://www.taxtmi.com/caselaws?id=369697 The appeal challenged tax liability and interest for the assessment years 2002-03 and 2003-04, contending that proceedings under section 201 were time-barred as they exceeded the 4-year limitation period. Relying on relevant case law, the High Court held that the initiation of proceedings and subsequent order were indeed beyond the limitation period, leading to the quashing of tax liability and interest. The appeal was allowed in favor of the assessee. en-us Wed, 16 May 2018 00:00:00 +0530 Thu, 01 Nov 2018 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369697 The appeal challenged tax liability and interest for the assessment years 2002-03 and 2003-04, contending that proceedings under section 201 were time-barred as they exceeded the 4-year limitation period. Relying on relevant case law, the High Court held that the initiation of proceedings and subsequent order were indeed beyond the limitation period, leading to the quashing of tax liability and interest. The appeal was allowed in favor of the assessee. Case-Laws Income Tax Wed, 16 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369697