https://www.taxtmi.com/caselaws?id=419264 The High Court dismissed two writ petitions filed by companies in the cement and iron ore beneficiation sectors seeking mandamus for disposal of applications and extension of time limit for final assessment under Section 153-A of the I.T. Act. The court held that the period of limitation for assessment proceedings was governed by Section 153-B at the time of search in 2014. It declined to issue directions on jurisdiction and inspection of search records, stating it exceeded its jurisdiction. The court concluded that no exceptional circumstances warranted interference under Article 226, advising petitioners to address grievances before the Appellate Authority if necessary. en-us Wed, 24 Nov 2021 00:00:00 +0530 Mon, 07 Mar 2022 08:44:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419264 The High Court dismissed two writ petitions filed by companies in the cement and iron ore beneficiation sectors seeking mandamus for disposal of applications and extension of time limit for final assessment under Section 153-A of the I.T. Act. The court held that the period of limitation for assessment proceedings was governed by Section 153-B at the time of search in 2014. It declined to issue directions on jurisdiction and inspection of search records, stating it exceeded its jurisdiction. The court concluded that no exceptional circumstances warranted interference under Article 226, advising petitioners to address grievances before the Appellate Authority if necessary. Case-Laws Income Tax Wed, 24 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419264