https://www.taxtmi.com/caselaws?id=29235 The High Court held that the assessment in question was time-barred under section 153(1)(a) of the Income-tax Act, 1961, as there was no independent evidence to support the completion of the assessment within the prescribed period. The Tribunal's finding regarding the assessment form was deemed perverse due to lack of material evidence. The Court also ruled that an assessment made without timely communication of the assessment order and demand notice is not valid. Ultimately, the Court ruled in favor of the assessee, concluding that the assessment was indeed barred by limitation. en-us Tue, 16 Jun 1981 00:00:00 +0530 Thu, 11 Mar 2010 15:40:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29235 The High Court held that the assessment in question was time-barred under section 153(1)(a) of the Income-tax Act, 1961, as there was no independent evidence to support the completion of the assessment within the prescribed period. The Tribunal's finding regarding the assessment form was deemed perverse due to lack of material evidence. The Court also ruled that an assessment made without timely communication of the assessment order and demand notice is not valid. Ultimately, the Court ruled in favor of the assessee, concluding that the assessment was indeed barred by limitation. Case-Laws Income Tax Tue, 16 Jun 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29235