Assessment Order Overturned Due to Being Issued Late; Tribunal Declines to Address Additional Assessee Concerns.

Assessment Order Overturned Due to Being Issued Late; Tribunal Declines to Address Additional Assessee Concerns. https://www.taxtmi.com/highlights?id=76852 Validity of Assessment order as time barred - delay dispatching assessment order - The Tribunal, after considering the submissions and relevant precedents, concluded that the assessment order was indeed time-barred due to being dispatched after the prescribed time limit. As a result, the Tribunal set aside the assessment order. Consequently, the Tribunal did not delve into the other issues raised by the assessee. en-us Wed, 24 Apr 2024 17:36:58 +0530 Wed, 24 Apr 2024 17:36:58 +0530 TaxTMI RSS Generator Assessment Order Overturned Due to Being Issued Late; Tribunal Declines to Address Additional Assessee Concerns. https://www.taxtmi.com/highlights?id=76852 Validity of Assessment order as time barred - delay dispatching assessment order - The Tribunal, after considering the submissions and relevant precedents, concluded that the assessment order was indeed time-barred due to being dispatched after the prescribed time limit. As a result, the Tribunal set aside the assessment order. Consequently, the Tribunal did not delve into the other issues raised by the assessee. Highlights Income Tax Wed, 24 Apr 2024 17:36:58 +0530 https://www.taxtmi.com/highlights?id=76852