https://www.taxtmi.com/caselaws?id=784848 Assessment time-bar dispute concerning whether a reference for exchange of information to Singapore tax authorities extended the limitation for framing assessment. The legal basis is Explanation 1 clause (x) to Section 153: extension requires that a reference was actually made by the competent authority and any resulting information or the expiry of the one-year waiting period must be reflected in the record. The revenue failed to place evidence of any actual reference or receipt of information and the assessing officer did not await the statutory one-year period; consequence: assessment held barred by limitation. en-us Tue, 30 Dec 2025 00:00:00 +0530 Tue, 13 Jan 2026 08:29:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784848 Assessment time-bar dispute concerning whether a reference for exchange of information to Singapore tax authorities extended the limitation for framing assessment. The legal basis is Explanation 1 clause (x) to Section 153: extension requires that a reference was actually made by the competent authority and any resulting information or the expiry of the one-year waiting period must be reflected in the record. The revenue failed to place evidence of any actual reference or receipt of information and the assessing officer did not await the statutory one-year period; consequence: assessment held barred by limitation. Case-Laws Income Tax Tue, 30 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784848