https://www.taxtmi.com/caselaws?id=789204 Where a fresh assessment order is not passed within the limitation period prescribed under Section 153(3) read with Section 153(4) of the Income-tax Act after remand by the Tribunal, the return filed by the assessee is deemed accepted and cannot be disturbed. The Bombay High Court held that the Assessing Officer's failure to complete the reassessment within the statutory time limit prevented the revenue from raising any further demand on the basis of the time-barred proceedings. The Court also noted that the revenue could not escape the statutory consequence of its own inaction. Mandamus was therefore issued directing acceptance of the returned income. en-us Mon, 23 Mar 2026 00:00:00 +0530 Sat, 04 Apr 2026 08:53:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789204 Where a fresh assessment order is not passed within the limitation period prescribed under Section 153(3) read with Section 153(4) of the Income-tax Act after remand by the Tribunal, the return filed by the assessee is deemed accepted and cannot be disturbed. The Bombay High Court held that the Assessing Officer's failure to complete the reassessment within the statutory time limit prevented the revenue from raising any further demand on the basis of the time-barred proceedings. The Court also noted that the revenue could not escape the statutory consequence of its own inaction. Mandamus was therefore issued directing acceptance of the returned income. Case-Laws Income Tax Mon, 23 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789204