https://www.taxtmi.com/caselaws?id=757233 The Bombay HC declined to refer the matter to a larger bench regarding the applicability of Section 153 limitation provisions to proceedings under Section 144C, despite the revenue's argument that numerous cases involving Rs. 5 lakh crores in tax were pending. The court decided to await the SC's decision in pending appeals from similar cases decided by Bombay, Madras, and Delhi HCs. The court noted that assessees had succeeded in similar matters before Madras HC and Delhi HC, with those orders not stayed by the SC. The interim relief granted earlier was extended until final disposal of the petition. en-us Tue, 13 Aug 2024 00:00:00 +0530 Sat, 17 Aug 2024 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757233 The Bombay HC declined to refer the matter to a larger bench regarding the applicability of Section 153 limitation provisions to proceedings under Section 144C, despite the revenue's argument that numerous cases involving Rs. 5 lakh crores in tax were pending. The court decided to await the SC's decision in pending appeals from similar cases decided by Bombay, Madras, and Delhi HCs. The court noted that assessees had succeeded in similar matters before Madras HC and Delhi HC, with those orders not stayed by the SC. The interim relief granted earlier was extended until final disposal of the petition. Case-Laws Income Tax Tue, 13 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757233