https://www.taxtmi.com/caselaws?id=444562 HC held that the reassessment proceedings and consequential TP adjustment order passed by the AO were barred by limitation under Section 153(2A) of the Income-tax Act. It ruled that Section 153(2A) squarely applied where an assessment is set aside or remanded, even if only partially, and that the subsequent amendment to Section 153(3) w.e.f. 01.04.2016 did not dilute or render redundant Section 153(2A). As the AO passed the consequential order beyond the prescribed period, the authority stood denuded of jurisdiction. The impugned proceedings and orders were therefore unsustainable in law and were quashed. en-us Mon, 09 Oct 2023 00:00:00 +0530 Wed, 10 Dec 2025 14:46:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444562 HC held that the reassessment proceedings and consequential TP adjustment order passed by the AO were barred by limitation under Section 153(2A) of the Income-tax Act. It ruled that Section 153(2A) squarely applied where an assessment is set aside or remanded, even if only partially, and that the subsequent amendment to Section 153(3) w.e.f. 01.04.2016 did not dilute or render redundant Section 153(2A). As the AO passed the consequential order beyond the prescribed period, the authority stood denuded of jurisdiction. The impugned proceedings and orders were therefore unsustainable in law and were quashed. Case-Laws Income Tax Mon, 09 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444562