https://www.taxtmi.com/caselaws?id=432007 The Tribunal dismissed the Revenue's appeals, upholding the ld. CIT (A)'s orders for the assessment years 2012-13 & 2013-14. The Tribunal held that the six-year limitation period for section 153C proceedings did not apply to these years, quashing the additions made by the AO. The Tribunal also clarified that the Finance Act, 2017 amendment was not retrospective in this case. Following precedents, the Tribunal ruled in favor of the assessee, affirming the decisions based on the interpretation of the limitation period and relevant case laws. en-us Fri, 23 Dec 2022 00:00:00 +0530 Mon, 26 Dec 2022 09:10:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432007 The Tribunal dismissed the Revenue's appeals, upholding the ld. CIT (A)'s orders for the assessment years 2012-13 & 2013-14. The Tribunal held that the six-year limitation period for section 153C proceedings did not apply to these years, quashing the additions made by the AO. The Tribunal also clarified that the Finance Act, 2017 amendment was not retrospective in this case. Following precedents, the Tribunal ruled in favor of the assessee, affirming the decisions based on the interpretation of the limitation period and relevant case laws. Case-Laws Income Tax Fri, 23 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432007