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2015 (11) TMI 1743 - AT - Income TaxAssessment u/s 206(C)(1) - time limit to pass the order - reasonable time - Held that:- There is no time limit prescribed for section 206C and since there is no specific time limit under section 206C, a reasonable time limit is to be considered for the purpose of passing order u/s 206C - action must be initiated within period of 4 years, where no limitation is prescribed as in section 201 in view of case COMMISSIONER OF INCOME-TAX VERSUS NHK JAPAN BROADCASTING CORPORATION [2008 (4) TMI 182 - DELHI HIGH COURT] - Such a time limit is not to be considered with respect to “date of knowledge” but with respect to the period to which the lapse pertains - thus impugned order is held to be time barred.
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