https://www.taxtmi.com/caselaws?id=415687 The Tribunal allowed the appeal of the assessee, ruling that the order passed under section 201(1) & 201(1A) of the Income Tax Act was beyond the limitation period due to retrospective amendments introduced by Finance Acts in 2009, 2012, and 2014. The Tribunal directed the Assessing Officer to delete the demand raised under the said sections as the order was time-barred. The decision underscored the significance of considering the retrospective and prospective impacts of legislative amendments on the validity of orders under the Act. en-us Fri, 03 Dec 2021 00:00:00 +0530 Sat, 11 Dec 2021 09:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415687 The Tribunal allowed the appeal of the assessee, ruling that the order passed under section 201(1) & 201(1A) of the Income Tax Act was beyond the limitation period due to retrospective amendments introduced by Finance Acts in 2009, 2012, and 2014. The Tribunal directed the Assessing Officer to delete the demand raised under the said sections as the order was time-barred. The decision underscored the significance of considering the retrospective and prospective impacts of legislative amendments on the validity of orders under the Act. Case-Laws Income Tax Fri, 03 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415687