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2016 (6) TMI 1352 - HC - Income TaxDemand u/s 201(1)/201(1A) - inquiry is time barred - period of limitation - HELD THAT:- The admitted facts emerging from the record are that as per sub-section (3) of section 201 which stood prior to 1.10.2014, the initiation of action for failing to deduct tax at source is barred by limitation. The amended sub-section(3) of section 201 with effect from 1.10.2014 enlarges the period of limitation to seven years which, as held by this Court in the case of Tata Teleservices [2016 (2) TMI 414 - GUJARAT HIGH COURT] cannot be applied retrospectively. For such reason, the petitions are allowed. The impugned notices dated 15.9.2015 are quashed. Petitions disposed of accordingly.
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