2020 (12) TMI 1381

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....T ORDER PER S.JAYARAMAN, AM: The assessee filed this appeal against the order of the learned Commissioner of Income Tax (Appeals)-5, Chennai, in ITA No75/CIT(A)-5/2016-17 dated 27.09.2018 for the assessment year 2011-12. 2. M/s. Ejaz Tanning Co., the assessee's assessment passed u/s.143(3) of the Income Tax Act, 1961 (hereinafter the 'Act') dated 31.12.2013 for the assessment year 2011-12 was ....

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....53(5) of the Act and hence pleaded to quash the order. Per contra, the ld.DR supported the order of the ld.AO. 4. We heard the rival submissions and gone through relevant orders / material. As per Sub-section (3) of Section 153 of the Act, an order of fresh assessment in pursuance of an order u/s.263 of the Act, setting aside or cancelling an assessment, may be made at any time before the expiry ....