https://www.taxtmi.com/caselaws?id=461831 The ITAT Delhi held that consequential assessments framed on 23rd April, 2021 were time-barred under section 153(3) of the Income Tax Act. The tribunal's remand order was passed on 28th February, 2019, requiring assessments to be completed within 9 months from the end of the financial year, i.e., by 31st December, 2019. The ITAT applied the principle from section 260A that the time limit commences when the tribunal's order is received by the concerned authorities, not when formally served. Since the remand order was dispatched to all concerned authorities including the Assessing Officer immediately after being pronounced, the time limit began from that date. The assessments being completed nearly 16 months beyond the prescribed period were quashed as time-barred. en-us Wed, 29 Jan 2025 00:00:00 +0530 Thu, 01 May 2025 19:00:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461831 The ITAT Delhi held that consequential assessments framed on 23rd April, 2021 were time-barred under section 153(3) of the Income Tax Act. The tribunal's remand order was passed on 28th February, 2019, requiring assessments to be completed within 9 months from the end of the financial year, i.e., by 31st December, 2019. The ITAT applied the principle from section 260A that the time limit commences when the tribunal's order is received by the concerned authorities, not when formally served. Since the remand order was dispatched to all concerned authorities including the Assessing Officer immediately after being pronounced, the time limit began from that date. The assessments being completed nearly 16 months beyond the prescribed period were quashed as time-barred. Case-Laws Income Tax Wed, 29 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461831