https://www.taxtmi.com/caselaws?id=752486 Kerala HC held that consequential assessment orders following tribunal remand must comply with Section 153(2A) time limits. The tribunal remanded only Section 54F deduction issue for re-adjudication, requiring consequential order by 31.03.2018. However, the assessing authority passed the order on 17.02.2023, well beyond the statutory deadline. The court ruled that even limited remands for specific issues require consequential orders within prescribed time limits to ensure expeditious finality and prevent prejudice to assessees through extended interest liability. The assessment order was deemed invalid for non-compliance with statutory timelines. en-us Mon, 04 Mar 2024 00:00:00 +0530 Sat, 11 May 2024 08:35:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752486 Kerala HC held that consequential assessment orders following tribunal remand must comply with Section 153(2A) time limits. The tribunal remanded only Section 54F deduction issue for re-adjudication, requiring consequential order by 31.03.2018. However, the assessing authority passed the order on 17.02.2023, well beyond the statutory deadline. The court ruled that even limited remands for specific issues require consequential orders within prescribed time limits to ensure expeditious finality and prevent prejudice to assessees through extended interest liability. The assessment order was deemed invalid for non-compliance with statutory timelines. Case-Laws Income Tax Mon, 04 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752486