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Reassessment Order u/s 147 Invalid Due to Exceeding 60-Day Limitation Period per Section 153 Provisions.
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....Validity of reassessment order passed u/s 147 - Since assessment order passed beyond the limitation period i.e. beyond the time limit of 60 days as per the Explanation 1 (ii) to section 153 read with the Ist proviso to section 153 - order cannot sustain.....
TaxTMI
TaxTMI