https://www.taxtmi.com/caselaws?id=757274 Delhi HC held that an assessment order passed beyond the statutory limitation period under Section 153(3) of the Income Tax Act is invalid. The Tribunal had directed the Assessing Officer to pass a fresh assessment within six months following its order dated 11.10.2019, but the AO failed to comply within the stipulated timeline. The statutory limitation period of nine months from the end of the financial year also expired on 30.09.2021. The court set aside the assessment order dated 11.08.2023 as time-barred, accepted the petitioner's returned income, and directed the department to refund excess tax paid. en-us Tue, 13 Aug 2024 00:00:00 +0530 Wed, 21 Aug 2024 08:58:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757274 Delhi HC held that an assessment order passed beyond the statutory limitation period under Section 153(3) of the Income Tax Act is invalid. The Tribunal had directed the Assessing Officer to pass a fresh assessment within six months following its order dated 11.10.2019, but the AO failed to comply within the stipulated timeline. The statutory limitation period of nine months from the end of the financial year also expired on 30.09.2021. The court set aside the assessment order dated 11.08.2023 as time-barred, accepted the petitioner's returned income, and directed the department to refund excess tax paid. Case-Laws Income Tax Tue, 13 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757274