https://www.taxtmi.com/highlights?id=74394 Period of limitation - deeming a person to be an assessee-in-default - Non deduction of TDS - The Tribunal quashed the order dated 31.10.2019 issued u/s201(1) of the Income Tax Act, deeming it to be barred by limitation. The Tribunal followed its earlier decision, which held that amendments made to the statute with effect from 01/10/2014 are prospective, and concluded that the order should have been framed on or before 31.03.2015. As the order was framed on 31.10.2019, it was found to be time-barred. - AT en-us Sat, 27 Jan 2024 08:30:46 +0530 Sat, 27 Jan 2024 08:30:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74394 Period of limitation - deeming a person to be an assessee-in-default - Non deduction of TDS - The Tribunal quashed the order dated 31.10.2019 issued u/s201(1) of the Income Tax Act, deeming it to be barred by limitation. The Tribunal followed its earlier decision, which held that amendments made to the statute with effect from 01/10/2014 are prospective, and concluded that the order should have been framed on or before 31.03.2015. As the order was framed on 31.10.2019, it was found to be time-barred. - AT Highlights Income Tax Sat, 27 Jan 2024 08:30:46 +0530 https://www.taxtmi.com/highlights?id=74394