https://www.taxtmi.com/caselaws?id=397676 The High Court considered appeals regarding the reasonable period of limitation for initiating proceedings under Section 201(1) and 201(1A) of the Income Tax Act. The Court held that a four-year limitation applied, as established by legal precedents, making proceedings initiated after four years unsustainable. The Court quashed the Tribunal's order, allowing the assessee's appeal and dismissing the revenue's appeal for the Assessment years 2000-01 to 2002-03. en-us Mon, 24 Aug 2020 00:00:00 +0530 Tue, 17 Nov 2020 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397676 The High Court considered appeals regarding the reasonable period of limitation for initiating proceedings under Section 201(1) and 201(1A) of the Income Tax Act. The Court held that a four-year limitation applied, as established by legal precedents, making proceedings initiated after four years unsustainable. The Court quashed the Tribunal's order, allowing the assessee's appeal and dismissing the revenue's appeal for the Assessment years 2000-01 to 2002-03. Case-Laws Income Tax Mon, 24 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397676