https://www.taxtmi.com/caselaws?id=759376 ITAT Nagpur quashed orders issued under section 201(1)/201(1A) as time-barred, following SC precedent in GE India Technology Centre and Bombay HC in Mahindra Ltd. establishing 4-year reasonable time limit. The tribunal found notices issued beyond 4 years from financial year end unsustainable. Survey proceedings under section 133A(2A) conducted in December 2019 were deemed belated. Orders regarding non-residents held clearly time-barred. Assessee's appeal allowed based on applicable case law and limitation principles. en-us Mon, 23 Sep 2024 00:00:00 +0530 Fri, 27 Sep 2024 16:55:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759376 ITAT Nagpur quashed orders issued under section 201(1)/201(1A) as time-barred, following SC precedent in GE India Technology Centre and Bombay HC in Mahindra Ltd. establishing 4-year reasonable time limit. The tribunal found notices issued beyond 4 years from financial year end unsustainable. Survey proceedings under section 133A(2A) conducted in December 2019 were deemed belated. Orders regarding non-residents held clearly time-barred. Assessee's appeal allowed based on applicable case law and limitation principles. Case-Laws Income Tax Mon, 23 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759376