https://www.taxtmi.com/caselaws?id=413311 The Supreme Court interpreted Section 263 (2) of the Income Tax Act, emphasizing that the crucial factor for calculating the limitation period is when the order was made or passed, not when it was received by the assessee. The Court ruled in favor of the appellant, holding that the order passed by the Commissioner under Section 263 was within the prescribed period of limitation. The appeal was allowed, affirming that the date of making the order is significant in determining the limitation period under Section 263 (2). en-us Thu, 07 Oct 2021 00:00:00 +0530 Thu, 11 Jun 2026 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413311 The Supreme Court interpreted Section 263 (2) of the Income Tax Act, emphasizing that the crucial factor for calculating the limitation period is when the order was made or passed, not when it was received by the assessee. The Court ruled in favor of the appellant, holding that the order passed by the Commissioner under Section 263 was within the prescribed period of limitation. The appeal was allowed, affirming that the date of making the order is significant in determining the limitation period under Section 263 (2). Case-Laws Income Tax Thu, 07 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413311