https://www.taxtmi.com/caselaws?id=773686 The Madras HC quashed assessment orders passed under Section 263 revision for exceeding the statutory limitation period. The original assessment order was dated 20.06.2017, making the two-year limitation period expire on 31.03.2020. However, the suo motu revision order was passed on 22.03.2021, clearly beyond the prescribed timeframe. A subsequent assessment order dated 30.03.2022 was also passed. The HC held that the entire proceeding violated Section 263(2) due to the limitation breach, resulting in the quashing of both assessment orders issued by the revenue authorities. en-us Fri, 13 Jun 2025 00:00:00 +0530 Thu, 26 Jun 2025 08:37:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773686 The Madras HC quashed assessment orders passed under Section 263 revision for exceeding the statutory limitation period. The original assessment order was dated 20.06.2017, making the two-year limitation period expire on 31.03.2020. However, the suo motu revision order was passed on 22.03.2021, clearly beyond the prescribed timeframe. A subsequent assessment order dated 30.03.2022 was also passed. The HC held that the entire proceeding violated Section 263(2) due to the limitation breach, resulting in the quashing of both assessment orders issued by the revenue authorities. Case-Laws Income Tax Fri, 13 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773686