https://www.taxtmi.com/caselaws?id=372298 The Tribunal allowed the appeal, quashing the assessment as time-barred under section 148 of the Income Tax Act 1961. Emphasizing the necessity of providing an opportunity to be heard and adhering to limitation periods, the Tribunal ruled in favor of the appellant, setting aside the assessment due to procedural irregularities. The issues regarding the validity of the notice, limitation period, addition made by the Assessing Officer, confirmation by CIT(A) as unexplained investment, and liability for interest were not addressed substantively as the assessment was invalidated on limitation grounds. en-us Thu, 13 Dec 2018 00:00:00 +0530 Thu, 20 Dec 2018 08:17:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372298 The Tribunal allowed the appeal, quashing the assessment as time-barred under section 148 of the Income Tax Act 1961. Emphasizing the necessity of providing an opportunity to be heard and adhering to limitation periods, the Tribunal ruled in favor of the appellant, setting aside the assessment due to procedural irregularities. The issues regarding the validity of the notice, limitation period, addition made by the Assessing Officer, confirmation by CIT(A) as unexplained investment, and liability for interest were not addressed substantively as the assessment was invalidated on limitation grounds. Case-Laws Income Tax Thu, 13 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372298