https://www.taxtmi.com/caselaws?id=21358 The High Court ruled that the draft assessment orders of February 20, 1965, were not final orders for the purpose of commencing the limitation period for penalty proceedings under section 271(1)(c) of the Income-tax Act for assessment years 1959-60 to 1964-65. The Court agreed with the Income-tax Appellate Tribunal's decision that the orders were subject to further review and had not been communicated as final determinations to the assessee. As the assessments were not conclusively determined on the date of drafting the orders and were subsequently revised after additional inquiries, the Court held that the limitation period did not start from the date of the draft orders. en-us Wed, 25 Sep 1991 00:00:00 +0530 Sat, 21 Nov 2009 17:30:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21358 The High Court ruled that the draft assessment orders of February 20, 1965, were not final orders for the purpose of commencing the limitation period for penalty proceedings under section 271(1)(c) of the Income-tax Act for assessment years 1959-60 to 1964-65. The Court agreed with the Income-tax Appellate Tribunal's decision that the orders were subject to further review and had not been communicated as final determinations to the assessee. As the assessments were not conclusively determined on the date of drafting the orders and were subsequently revised after additional inquiries, the Court held that the limitation period did not start from the date of the draft orders. Case-Laws Income Tax Wed, 25 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21358