https://www.taxtmi.com/caselaws?id=798760 Consequential assessment orders requiring verification and a hearing must be made within the limitation period under Section 153(3), read with the second proviso to Section 153(5). Where the appellate order was received during the relevant financial year, the extended deadline for giving effect expired on 31 March 2022. An order made thereafter was time-barred and invalid. Once a fresh or consequential assessment cannot be completed within limitation, the returned income must be accepted as furnished, no further demand may be raised, and excess tax deposited must be refunded with interest. en-us Mon, 31 Aug 2026 00:00:00 +0530 Fri, 11 Sep 2026 08:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798760 Consequential assessment orders requiring verification and a hearing must be made within the limitation period under Section 153(3), read with the second proviso to Section 153(5). Where the appellate order was received during the relevant financial year, the extended deadline for giving effect expired on 31 March 2022. An order made thereafter was time-barred and invalid. Once a fresh or consequential assessment cannot be completed within limitation, the returned income must be accepted as furnished, no further demand may be raised, and excess tax deposited must be refunded with interest. Case-Laws Income Tax Mon, 31 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798760