https://www.taxtmi.com/caselaws?id=459721 ITAT Mumbai held that the TPO order under section 92CA(3) passed on 30/01/2014 was time-barred by one day, as the limitation period expired on 29/01/2014 (sixty days prior to assessment limitation of 31/03/2014). The order was declared bad in law and non-est. The tribunal emphasized that statutory limitation periods specified in days cannot be substituted by circular references to months, as delegated Board powers cannot override parliamentary legislation. The final assessment order dated 27/05/2014 was consequently barred by limitation. en-us Tue, 09 May 2023 00:00:00 +0530 Tue, 24 Dec 2024 20:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459721 ITAT Mumbai held that the TPO order under section 92CA(3) passed on 30/01/2014 was time-barred by one day, as the limitation period expired on 29/01/2014 (sixty days prior to assessment limitation of 31/03/2014). The order was declared bad in law and non-est. The tribunal emphasized that statutory limitation periods specified in days cannot be substituted by circular references to months, as delegated Board powers cannot override parliamentary legislation. The final assessment order dated 27/05/2014 was consequently barred by limitation. Case-Laws Income Tax Tue, 09 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459721