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2015 (12) TMI 356 - AT - Income TaxValidity of assessment u/s 153A - whether the assessment is barred by limitation under Section 153(1B) - Held that:- In the present case, there was no evidence on record suggesting that the assesse sought suo motu extension of time for submission of audit report under Section 142(2A) of the Act. It is clear from the record that the Assessing Officer had suo motu extended time for furnishing the audit report under Section 142A of the Act. Respectfully following the ratio laid down in case of BISHAN SAROOP RAM KISHAN AGRO PVT. LTD. [2011 (5) TMI 540 - DELHI HIGH COURT], we hold that the assessment framed in this case is also barred by limitation and does not survive in the eye of law. Accordingly, the assessment order is quashed, as such. - Decided in favour of assessee.
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