https://www.taxtmi.com/caselaws?id=765574 The ITAT Kolkata held that an assessment order passed under sections 263/143(3)/147 on 30.12.2015 was barred by limitation as it was served on the assessee on 05.01.2016 instead of by 31.12.2015 as required under Section 153. Despite the revenue's explanation that weekends were holidays, the tribunal found the order to be time-barred and therefore nullity in law. The assessee's appeal was allowed on this legal ground. en-us Fri, 31 Jan 2025 00:00:00 +0530 Tue, 04 Feb 2025 08:46:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765574 The ITAT Kolkata held that an assessment order passed under sections 263/143(3)/147 on 30.12.2015 was barred by limitation as it was served on the assessee on 05.01.2016 instead of by 31.12.2015 as required under Section 153. Despite the revenue's explanation that weekends were holidays, the tribunal found the order to be time-barred and therefore nullity in law. The assessee's appeal was allowed on this legal ground. Case-Laws Income Tax Fri, 31 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765574