https://www.taxtmi.com/caselaws?id=439473 The Supreme Court held that the limitation for passing an order under Section 263 of the Income Tax Act should be calculated from the date of the original assessment order, not the reassessment order. The Court emphasized that when reassessment is distinct and different from the original assessment, the limitation period starts from the original assessment order. Consequently, the Court found the Commissioner's actions under Section 263 were time-barred, affirming the decisions of the ITAT and High Court, and dismissing the appeal. en-us Wed, 26 Apr 2023 00:00:00 +0530 Wed, 03 Jun 2026 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439473 The Supreme Court held that the limitation for passing an order under Section 263 of the Income Tax Act should be calculated from the date of the original assessment order, not the reassessment order. The Court emphasized that when reassessment is distinct and different from the original assessment, the limitation period starts from the original assessment order. Consequently, the Court found the Commissioner's actions under Section 263 were time-barred, affirming the decisions of the ITAT and High Court, and dismissing the appeal. Case-Laws Income Tax Wed, 26 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439473