https://www.taxtmi.com/caselaws?id=759589 The HC dismissed the Revenue's appeal under Section 260A of the Income Tax Act, 1961, upholding the ITAT's decision to set aside the Assessing Officer's order. The court emphasized the mandatory timeline under Section 144C for passing assessment orders, ruling that the order was invalid as it was issued beyond the prescribed period. The court rejected the Revenue's argument regarding late objections by the assessee, affirming that statutory timelines must be adhered to regardless of objection timing. Consequently, the appeal and pending applications were dismissed, underscoring the necessity for compliance with procedural deadlines. en-us Wed, 25 Sep 2024 00:00:00 +0530 Tue, 16 Jun 2026 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759589 The HC dismissed the Revenue's appeal under Section 260A of the Income Tax Act, 1961, upholding the ITAT's decision to set aside the Assessing Officer's order. The court emphasized the mandatory timeline under Section 144C for passing assessment orders, ruling that the order was invalid as it was issued beyond the prescribed period. The court rejected the Revenue's argument regarding late objections by the assessee, affirming that statutory timelines must be adhered to regardless of objection timing. Consequently, the appeal and pending applications were dismissed, underscoring the necessity for compliance with procedural deadlines. Case-Laws Income Tax Wed, 25 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759589