https://www.taxtmi.com/caselaws?id=750763 The Madras HC quashed an assessment order passed under Section 153C of the IT Act, ruling that proceedings under Section 148 initiated against the petitioner could not abate due to the subsequent Section 153C notice. The court found the Section 153C proceedings were incorrectly initiated as they fell outside the prescribed limitation period. Following the Abhisar Buildwell precedent, the court directed completion of the original Section 148 reassessment proceedings within statutory timelines, excluding the time period between Section 153C initiation and receipt of this order's certified copy. en-us Mon, 11 Mar 2024 00:00:00 +0530 Thu, 28 Mar 2024 23:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750763 The Madras HC quashed an assessment order passed under Section 153C of the IT Act, ruling that proceedings under Section 148 initiated against the petitioner could not abate due to the subsequent Section 153C notice. The court found the Section 153C proceedings were incorrectly initiated as they fell outside the prescribed limitation period. Following the Abhisar Buildwell precedent, the court directed completion of the original Section 148 reassessment proceedings within statutory timelines, excluding the time period between Section 153C initiation and receipt of this order's certified copy. Case-Laws Income Tax Mon, 11 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750763