https://www.taxtmi.com/caselaws?id=55448 The Tribunal concluded that the assessment order made by the ITO was time-barred for the assessment year 1980-81 under the IT Act. Despite arguments from the department citing provisions of s. 144B and Expln. I cl. (iv) of s. 153, the Tribunal found that the assessment exceeded the statutory time limit. As a result, the Tribunal set aside the CIT(A)'s order and annulled the assessment on grounds of being barred by limitation. The appeal was allowed solely on the basis of the limitation issue, without addressing other grounds raised by the appellant related to disallowances. en-us Tue, 17 Mar 1987 00:00:00 +0530 Sat, 27 Nov 2010 11:10:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55448 The Tribunal concluded that the assessment order made by the ITO was time-barred for the assessment year 1980-81 under the IT Act. Despite arguments from the department citing provisions of s. 144B and Expln. I cl. (iv) of s. 153, the Tribunal found that the assessment exceeded the statutory time limit. As a result, the Tribunal set aside the CIT(A)'s order and annulled the assessment on grounds of being barred by limitation. The appeal was allowed solely on the basis of the limitation issue, without addressing other grounds raised by the appellant related to disallowances. Case-Laws Income Tax Tue, 17 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55448