https://www.taxtmi.com/caselaws?id=436364 The court ruled in favor of the petitioner, holding that the assessment order issued under the Income Tax Act, 1961 was time-barred. The court rejected the revenue's argument based on procedural provisions, emphasizing that statutory limitations under Section 153 govern assessment timelines. The court clarified that administrative steps, such as transmitting orders between officers, do not impact statutory limitations. The judgment highlighted the importance of aligning time limits with statutory provisions and excluded periods for awaiting information. Consequently, the court set aside the assessment order, granting the writ petition without costs. en-us Fri, 11 Nov 2022 00:00:00 +0530 Tue, 11 Apr 2023 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436364 The court ruled in favor of the petitioner, holding that the assessment order issued under the Income Tax Act, 1961 was time-barred. The court rejected the revenue's argument based on procedural provisions, emphasizing that statutory limitations under Section 153 govern assessment timelines. The court clarified that administrative steps, such as transmitting orders between officers, do not impact statutory limitations. The judgment highlighted the importance of aligning time limits with statutory provisions and excluded periods for awaiting information. Consequently, the court set aside the assessment order, granting the writ petition without costs. Case-Laws Income Tax Fri, 11 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436364