https://www.taxtmi.com/caselaws?id=448783 The Tribunal found the assessment order under section 143(3) invalid due to a time-barred notice issued under section 143(2), making the order bad in law. The appellant's challenge was upheld, as the notice dated 21.10.2010 was issued beyond the statutory time limit after the return was filed on 30.09.2009. Consequently, the need for prior approval under section 153D and the presence of incriminating material were deemed academic. Other issues, such as the treatment of gym equipment depreciation and consideration of evidence, were not addressed, as the invalidity of the assessment order resolved the appeal. en-us Tue, 23 Jan 2024 00:00:00 +0530 Tue, 30 Jan 2024 09:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448783 The Tribunal found the assessment order under section 143(3) invalid due to a time-barred notice issued under section 143(2), making the order bad in law. The appellant's challenge was upheld, as the notice dated 21.10.2010 was issued beyond the statutory time limit after the return was filed on 30.09.2009. Consequently, the need for prior approval under section 153D and the presence of incriminating material were deemed academic. Other issues, such as the treatment of gym equipment depreciation and consideration of evidence, were not addressed, as the invalidity of the assessment order resolved the appeal. Case-Laws Income Tax Tue, 23 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448783