https://www.taxtmi.com/caselaws?id=33950 The High Court of Madras upheld the Tribunal's decision to annul an assessment due to a notice being issued beyond the statutory timeline under Section 143(2) of the Income Tax Act, 1961. The Court emphasized the importance of adhering to the prescribed timeline for issuing assessment notices, ruling that any delay beyond the specified period could invalidate the assessment. The appellant's failure to issue the notice within the stipulated timeframe led to the dismissal of appeals, reinforcing the legal obligation to comply with statutory provisions in tax assessments. en-us Tue, 16 Jun 2009 00:00:00 +0530 Wed, 19 Aug 2009 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33950 The High Court of Madras upheld the Tribunal's decision to annul an assessment due to a notice being issued beyond the statutory timeline under Section 143(2) of the Income Tax Act, 1961. The Court emphasized the importance of adhering to the prescribed timeline for issuing assessment notices, ruling that any delay beyond the specified period could invalidate the assessment. The appellant's failure to issue the notice within the stipulated timeframe led to the dismissal of appeals, reinforcing the legal obligation to comply with statutory provisions in tax assessments. Case-Laws Income Tax Tue, 16 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33950