https://www.taxtmi.com/caselaws?id=311013 The Tribunal allowed the appeal in favor of the assessee, M/s. Ejaz Tanning Co., ruling that the order by the AO dated 26.02.2016 was quashed for being beyond the time limit specified under section 153(3) of the Income Tax Act, 1961. The Tribunal determined that the order was not made within the required nine-month period following the financial year in which the section 263 order was passed. The decision was pronounced on 23rd December 2020 at Chennai. en-us Wed, 23 Dec 2020 00:00:00 +0530 Sat, 02 Dec 2023 08:46:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311013 The Tribunal allowed the appeal in favor of the assessee, M/s. Ejaz Tanning Co., ruling that the order by the AO dated 26.02.2016 was quashed for being beyond the time limit specified under section 153(3) of the Income Tax Act, 1961. The Tribunal determined that the order was not made within the required nine-month period following the financial year in which the section 263 order was passed. The decision was pronounced on 23rd December 2020 at Chennai. Case-Laws Income Tax Wed, 23 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311013