2017 (8) TMI 1684

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.... MishraII JJ. For the Appellant : Alok Mathur For the Respondent : Namit Sharma ORDER 1. Heard Sri Alok Mathur, learned counsel for appellant and Sri Namit Sharma, counsel for respondents. 2. All these appeals have arisen from common judgment dated 28.04.2015 passed by Income Tax Appellate Tribunal, Lucknow Bench, Lucknow (hereinafter referred to as "Tribunal") in Income Tax Appeal ....

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....17 passed in Writ Petition (MB) No. 1088 of 2016 (M/s Mass Awash Private Limited Vs Commissioner of Income Tax (International Taxation) and another. In para 16 of judgment, this Court formulated question no. 3 as under: " Whether there is any period of limitation which can be applied in respect of proceedings under Section 201(1)/201(1A) of Act, 1961." 5. The aforesaid question after e....

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....ute, rights and liabilities thereunder and other relevant factors. In State of Orissa Versus Debaki Debi (supra), S. B. Gurbaksh Singh Versus Union of India (supra) and CST Versus Halari Store (supra), Court said that a power conferred without any time limit, if not exercised within reasonable time, unreasonable delay in exercise may effect its validity. However, it also held that what would be re....