https://www.taxtmi.com/caselaws?id=372373 The ITAT COCHIN ruled in favor of the assessee, allowing the appeals on the grounds that the assessment orders completed for the relevant assessment years were time-barred under section 153(2A) of the I.T.Act. The ITAT's decision was based on the interpretation of the Tribunal's directions, the applicability of the time limit prescribed under the Act, and the precedent set by the Kerala High Court in a similar case. The judgment emphasized the importance of adhering to statutory limitations in completing assessments, ultimately leading to a partial allowance of the appeals filed by the assessee. en-us Wed, 19 Dec 2018 00:00:00 +0530 Fri, 21 Dec 2018 07:09:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372373 The ITAT COCHIN ruled in favor of the assessee, allowing the appeals on the grounds that the assessment orders completed for the relevant assessment years were time-barred under section 153(2A) of the I.T.Act. The ITAT's decision was based on the interpretation of the Tribunal's directions, the applicability of the time limit prescribed under the Act, and the precedent set by the Kerala High Court in a similar case. The judgment emphasized the importance of adhering to statutory limitations in completing assessments, ultimately leading to a partial allowance of the appeals filed by the assessee. Case-Laws Income Tax Wed, 19 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372373