Tag: Limitation Period u/s 153
Applicability of limitation for completion of assessment u/s 153 to a DRP proceeding under Section 144C – matter to be referred to larger bench In a recent judgment, Supreme Courts gave split judgment on the interpretation of applicability of limitation for completion of assessment u/s 153 to a …
Special audit 142(2A) period is excluded from limitation period in terms of clause (iv) to Explanation 1 of section 153(1). High Court Reverses ITAT Order ABCAUS Case Law Citation: ABCAUS 2501 (2018) 09 HC Important Case Laws Cited/relied upon by the parties: Commissioner of Income Tax vs. Ulike …
Distinction between setting aside of assessment and assessment order. When assessment on an issue set aside and remanded for decision afresh, time limit u/s 153(2A) applies-HC ABCAUS Case Law Citation: ABCAUS 2080 (2017) (09) HC The Challenge/Grievance: This Petitioner (Nokia India Pvt. Ltd) sought the quashing of …
Limitation u/s 153-Period between vacation of stay and receipt of order not covered. Only the period during which the assessment proceeding is stayed by an order is covered by the Explanation 1 to Section 153- High Court ABCAUS Case Law Citation: ABCAUS 2072 (2017) (09) HC …
Limitation Period us 153-Contention was that ITAT had set aside Assessment order of CIT-A only and not order of the Assessing Officer-Allahabad HC Judgment ABCAUS Case Law Citation:ABCAUS 1123 (2017) (02) HC Important Case Laws Cited/relied upon:CIT Vs Purshottamdas T. Patel, reported in 209 ITR 52 (Guj.) Substantial …
