https://www.taxtmi.com/caselaws?id=774042 The Tribunal quashed a reassessment order dated 04.12.2019 as it was passed beyond the statutory limitation period under section 153(2) of the Income Tax Act. Since the section 148 notice was served on 24.03.2018 within FY 2017-18, the AO was required to complete reassessment by 31.12.2018. The order being passed nearly eleven months after the deadline was held barred by limitation and declared non-est in law, resulting in the assessee's appeal being allowed. en-us Mon, 26 May 2025 00:00:00 +0530 Wed, 02 Jul 2025 08:42:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774042 The Tribunal quashed a reassessment order dated 04.12.2019 as it was passed beyond the statutory limitation period under section 153(2) of the Income Tax Act. Since the section 148 notice was served on 24.03.2018 within FY 2017-18, the AO was required to complete reassessment by 31.12.2018. The order being passed nearly eleven months after the deadline was held barred by limitation and declared non-est in law, resulting in the assessee's appeal being allowed. Case-Laws Income Tax Mon, 26 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774042