https://www.taxtmi.com/caselaws?id=381404 The court determined that the reassessment proceedings initiated by the Assessing Officer were not barred by limitation under Section 153(2A) of the Income Tax Act. However, the delay of 8 years and 7 months in initiating the reassessment proceedings was deemed unreasonable and inordinate. Consequently, the court set aside the impugned notice and restrained the Department from further proceedings for fresh assessment for the relevant Assessment Year. en-us Wed, 27 Mar 2019 00:00:00 +0530 Thu, 04 Jul 2019 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381404 The court determined that the reassessment proceedings initiated by the Assessing Officer were not barred by limitation under Section 153(2A) of the Income Tax Act. However, the delay of 8 years and 7 months in initiating the reassessment proceedings was deemed unreasonable and inordinate. Consequently, the court set aside the impugned notice and restrained the Department from further proceedings for fresh assessment for the relevant Assessment Year. Case-Laws Income Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381404