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2015 (10) TMI 1004 - AT - Income TaxValidity of assessment under Gift Tax act - period of limitation - contention of the counsel that the AO must have made a ‘fresh assessment’ within the time limit prescribed u/s 16A(3) of the GT Act, 1958 and not an ‘assessment or re-assessment’ that is referred to under the provisions of section 16A(4) of the GT Act, 1958 - whether case is time barred u/s 16A(3) of the GT Act, 1958? - Held that:- CGT(A) having received the order on 27-05-1999, ought to have passed the order before 31-03-2004 whereas the order has been passed on 31-03-2006, which is beyond the period of limitation imposed u/s 16A(3) of the GT Act, 1958. The order of CGT(A) is null and void and the assesee’s appeal is allowed.
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