https://www.taxtmi.com/caselaws?id=59462 The appeal was allowed, and the assessment order dated 31-7-2000 was quashed as it was found to be barred by limitation. The Tribunal determined that the reassessment was governed by section 153(2) read with Explanation 1(ii) rather than section 153(3) due to the absence of any specific finding or direction in the High Court's order requiring reassessment. The Tribunal held that the reassessment period was to exclude the time the assessment proceedings were stayed by the High Court, ultimately leading to the quashing of the assessment order. en-us Tue, 27 May 2003 00:00:00 +0530 Wed, 29 Dec 2010 18:21:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59462 The appeal was allowed, and the assessment order dated 31-7-2000 was quashed as it was found to be barred by limitation. The Tribunal determined that the reassessment was governed by section 153(2) read with Explanation 1(ii) rather than section 153(3) due to the absence of any specific finding or direction in the High Court's order requiring reassessment. The Tribunal held that the reassessment period was to exclude the time the assessment proceedings were stayed by the High Court, ultimately leading to the quashing of the assessment order. Case-Laws Income Tax Tue, 27 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59462