https://www.taxtmi.com/caselaws?id=55826 The Tribunal held that the assessment order for A.Y. 1974-75 was not time-barred under section 153(1) as it was passed within the extended time limit provided in Expln. (1)(iv) to s. 153. The dispute centered on the correct interpretation of the time limit extension, specifically whether the extension of one hundred and eighty days was from the last date of the limitation or the time limit for the ITO to forward the draft order. The Tribunal agreed with the Deptl. Rep.'s view, concluding that the assessment order was within the statutory limits. en-us Fri, 26 Oct 1979 00:00:00 +0530 Tue, 30 Nov 2010 13:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55826 The Tribunal held that the assessment order for A.Y. 1974-75 was not time-barred under section 153(1) as it was passed within the extended time limit provided in Expln. (1)(iv) to s. 153. The dispute centered on the correct interpretation of the time limit extension, specifically whether the extension of one hundred and eighty days was from the last date of the limitation or the time limit for the ITO to forward the draft order. The Tribunal agreed with the Deptl. Rep.'s view, concluding that the assessment order was within the statutory limits. Case-Laws Income Tax Fri, 26 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55826