2011 (6) TMI 980 - HC - Income Tax

Summary

Issues involved: Application for extension of time for framing the order of assessment as directed by the Court.

The judgment pertains to an application for extension of time for framing the order of assessment as directed by the Court. The Court, considering the submissions of both parties' senior counsels, decided to extend the time till the end of August, 2011. However, it was explicitly stated that no further extension would be granted. The assessing officer was reminded to proceed as per law and follow guidelines while framing the assessment order, emphasizing the importance of not rushing through the process. The assessee was also instructed to provide their fullest cooperation. The application for extension of time was allowed, with the order to be served promptly.

In conclusion, the Court granted the extension of time for framing the assessment order, with a clear directive that no further extensions would be given. The assessing officer was reminded to adhere to legal procedures and guidelines, highlighting the significance of thoroughness in the assessment process. The assessee was instructed to cooperate fully in the proceedings.