https://www.taxtmi.com/caselaws?id=767898 Delhi HC held that reassessment proceedings were barred by limitation under Section 153(2). The court determined that when an interim order interdicting assessment proceedings was passed on 20.12.2019, with original completion deadline of 31.12.2019, the AO had less than sixty days remaining. Under the proviso to Explanation I of Section 153, the AO was granted sixty days from vacation of the interim order on 13.12.2023, expiring on 11.02.2024. Despite expiry of the limitation period, the faceless assessment unit continued issuing notices under Section 142(1), which the petitioner successfully challenged. The court ordered termination of reassessment proceedings for AY 2013-14. en-us Wed, 19 Mar 2025 00:00:00 +0530 Thu, 27 Mar 2025 08:36:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767898 Delhi HC held that reassessment proceedings were barred by limitation under Section 153(2). The court determined that when an interim order interdicting assessment proceedings was passed on 20.12.2019, with original completion deadline of 31.12.2019, the AO had less than sixty days remaining. Under the proviso to Explanation I of Section 153, the AO was granted sixty days from vacation of the interim order on 13.12.2023, expiring on 11.02.2024. Despite expiry of the limitation period, the faceless assessment unit continued issuing notices under Section 142(1), which the petitioner successfully challenged. The court ordered termination of reassessment proceedings for AY 2013-14. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767898