https://www.taxtmi.com/caselaws?id=789205 Failure to complete a fresh assessment within the limitation period after a Tribunal remand means the returned income must be accepted as filed. The article explains that, where only one issue is remanded and no assessment order is passed within the extended time under Section 153(3) read with Section 153(4) of the Income-tax Act, the assessment cannot be kept alive and no demand can be raised contrary to the statutory deadline. The limitation lapse does not revive any power to disturb the return already furnished, so the return stands accepted and further tax demand is barred. en-us Mon, 23 Mar 2026 00:00:00 +0530 Sat, 04 Apr 2026 08:53:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789205 Failure to complete a fresh assessment within the limitation period after a Tribunal remand means the returned income must be accepted as filed. The article explains that, where only one issue is remanded and no assessment order is passed within the extended time under Section 153(3) read with Section 153(4) of the Income-tax Act, the assessment cannot be kept alive and no demand can be raised contrary to the statutory deadline. The limitation lapse does not revive any power to disturb the return already furnished, so the return stands accepted and further tax demand is barred. Case-Laws Income Tax Mon, 23 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789205