https://www.taxtmi.com/caselaws?id=27191 The court held that the assessment on the firm for the assessment year 1966-67 was not barred by limitation as the direction by the Appellate Assistant Commissioner (AAC) was necessary for the disposal of the appeal. The Tribunal's reliance on a previous case was deemed misplaced, and the assessment was considered valid within the permissible time frame under Section 153(3)(ii) and Explanation 3 of the Income-tax Act, 1961. The judgment favored the Revenue petitioner against the assessee, with each party bearing their own costs. en-us Fri, 18 Jan 1985 00:00:00 +0530 Thu, 11 Feb 2010 13:10:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27191 The court held that the assessment on the firm for the assessment year 1966-67 was not barred by limitation as the direction by the Appellate Assistant Commissioner (AAC) was necessary for the disposal of the appeal. The Tribunal's reliance on a previous case was deemed misplaced, and the assessment was considered valid within the permissible time frame under Section 153(3)(ii) and Explanation 3 of the Income-tax Act, 1961. The judgment favored the Revenue petitioner against the assessee, with each party bearing their own costs. Case-Laws Income Tax Fri, 18 Jan 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27191