https://www.taxtmi.com/caselaws?id=430353 The tribunal held that the assessment order dated 30.03.2018 was time-barred, as it exceeded the two-year limitation period under the unamended provisions of Section 201(3). The tribunal found that the subsequent amendment by the Finance Act 2014, extending the limitation to seven years, did not apply retrospectively. Consequently, the appeal of the assessee was allowed, and the tribunal did not delve into the substantive issues raised regarding the validity of the addition and other related matters. en-us Tue, 15 Nov 2022 00:00:00 +0530 Thu, 17 Nov 2022 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430353 The tribunal held that the assessment order dated 30.03.2018 was time-barred, as it exceeded the two-year limitation period under the unamended provisions of Section 201(3). The tribunal found that the subsequent amendment by the Finance Act 2014, extending the limitation to seven years, did not apply retrospectively. Consequently, the appeal of the assessee was allowed, and the tribunal did not delve into the substantive issues raised regarding the validity of the addition and other related matters. Case-Laws Income Tax Tue, 15 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430353