https://www.taxtmi.com/caselaws?id=447251 Delhi HC held that assessment orders pursuant to Tribunal orders dated 21.11.2014 and 29.05.2015 became time-barred under Section 153 of the Income Tax Act. The court found that regardless of whether the old provision Section 153(2)(A) or amended Section 153(3) applied, the limitation period had expired, rendering the Assessing Officer without jurisdiction to pass fresh assessment orders. Following precedents in Nokia India and Aricent Technologies cases, the court allowed the writ petition and directed the AO to accept the petitioner's return of income for assessment years 1998-99 to 2009-10. en-us Fri, 08 Dec 2023 00:00:00 +0530 Wed, 27 Mar 2024 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447251 Delhi HC held that assessment orders pursuant to Tribunal orders dated 21.11.2014 and 29.05.2015 became time-barred under Section 153 of the Income Tax Act. The court found that regardless of whether the old provision Section 153(2)(A) or amended Section 153(3) applied, the limitation period had expired, rendering the Assessing Officer without jurisdiction to pass fresh assessment orders. Following precedents in Nokia India and Aricent Technologies cases, the court allowed the writ petition and directed the AO to accept the petitioner's return of income for assessment years 1998-99 to 2009-10. Case-Laws Income Tax Fri, 08 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447251