https://www.taxtmi.com/caselaws?id=460522 The ITAT Jaipur held that when CIT invokes jurisdiction under section 263 for issues not subject to reassessment, the limitation period runs from the original assessment order, not the reassessment order. The case involved share capital and share premium additions where CIT challenged the original assessment after reassessment proceedings. Since the revision order was passed beyond the two-year limitation period calculated from the original assessment order dated 15th December 2010, the ITAT quashed the CIT's order as invalid and without jurisdiction, ruling in favor of the assessee. en-us Wed, 06 Mar 2019 00:00:00 +0530 Thu, 30 Jan 2025 13:30:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460522 The ITAT Jaipur held that when CIT invokes jurisdiction under section 263 for issues not subject to reassessment, the limitation period runs from the original assessment order, not the reassessment order. The case involved share capital and share premium additions where CIT challenged the original assessment after reassessment proceedings. Since the revision order was passed beyond the two-year limitation period calculated from the original assessment order dated 15th December 2010, the ITAT quashed the CIT's order as invalid and without jurisdiction, ruling in favor of the assessee. Case-Laws Income Tax Wed, 06 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460522