https://www.taxtmi.com/caselaws?id=24173 The court held that the time taken for affording an opportunity of being heard to the assessee should be excluded in calculating the assessment completion time limit under section 153 of the Income-tax Act. The court emphasized that once the assessee elected to avail the opportunity under section 129, they could not subsequently argue against its relevance or effect on the assessment timeline. The court ruled in favor of the Revenue, directing the assessee to pay the costs and upheld the decisions of the Commissioner of Income-tax (Appeals) and the Income-tax Appellate Tribunal. en-us Mon, 20 Mar 1989 00:00:00 +0530 Mon, 18 Jan 2010 11:59:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24173 The court held that the time taken for affording an opportunity of being heard to the assessee should be excluded in calculating the assessment completion time limit under section 153 of the Income-tax Act. The court emphasized that once the assessee elected to avail the opportunity under section 129, they could not subsequently argue against its relevance or effect on the assessment timeline. The court ruled in favor of the Revenue, directing the assessee to pay the costs and upheld the decisions of the Commissioner of Income-tax (Appeals) and the Income-tax Appellate Tribunal. Case-Laws Income Tax Mon, 20 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24173