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2014 (7) TMI 560 - HC - Income TaxTime barred order u/s 153A and 153D – lack of jurisdiction - order pursuant to search and seizure – Held that:- This fact was brought to notice by the assessee on 18-03-2014 and the Revenue is directed to seek appropriate instructions from the Revenue - Revenue is not challenging the orders of the Tribunal dated 23-12-2013 and has decided to accept the same - there is a finding of the Tribunal that the proceedings were time barred - there was an inherent lack of jurisdiction to take cognizance of the proceedings since they were time barred - there is no point in continuing with the proceedings whereby the Commissioner taking suo-motu action has directed that fresh assessment be done – thus, the order is set aside only on the ground that the assessment orders themselves being time barred no further action, even suo-motu action, can be continued – Decided in favour of Assessee.
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