https://www.taxtmi.com/caselaws?id=460401 ITAT Raipur quashed reassessment order dated 24.11.2009 passed under sections 143(3)/147 for being time-barred. The court held that as per section 153(2), the assessment should have been completed by 31.12.2008, within nine months from the end of financial year when notice under section 148 was served. Since the assessment was framed beyond the prescribed limitation period, it was invalid and decided in favor of the assessee. en-us Tue, 26 Jul 2022 00:00:00 +0530 Wed, 22 Jan 2025 18:57:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460401 ITAT Raipur quashed reassessment order dated 24.11.2009 passed under sections 143(3)/147 for being time-barred. The court held that as per section 153(2), the assessment should have been completed by 31.12.2008, within nine months from the end of financial year when notice under section 148 was served. Since the assessment was framed beyond the prescribed limitation period, it was invalid and decided in favor of the assessee. Case-Laws Income Tax Tue, 26 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460401