https://www.taxtmi.com/caselaws?id=55796 The Tribunal held that the initial notices issued by the ACIT lacked valid jurisdiction, even though it was later regularized by a transfer order. The Tribunal determined that the limitation period for assessment should be calculated from the service of the first notices. As the assessments were completed beyond the prescribed time limit, they were deemed time-barred. Due to jurisdictional issues and being time-barred, the assessments were declared invalid, leading to the appeals being allowed and the assessments being quashed. The importance of adhering to statutory limitations and proper jurisdictional procedures in tax assessments was emphasized. en-us Mon, 03 Jan 2000 00:00:00 +0530 Tue, 30 Nov 2010 11:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55796 The Tribunal held that the initial notices issued by the ACIT lacked valid jurisdiction, even though it was later regularized by a transfer order. The Tribunal determined that the limitation period for assessment should be calculated from the service of the first notices. As the assessments were completed beyond the prescribed time limit, they were deemed time-barred. Due to jurisdictional issues and being time-barred, the assessments were declared invalid, leading to the appeals being allowed and the assessments being quashed. The importance of adhering to statutory limitations and proper jurisdictional procedures in tax assessments was emphasized. Case-Laws Income Tax Mon, 03 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55796