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2016 (7) TMI 517 - CALCUTTA HIGH COURTAssessment u/s 153 - time barred or not - Held that:- The assessing officer had 60 days to complete the assessment from 25th November, 2002, that would give him time till 25th January, 2003 whereas the assessment was completed on 31st March, 2003. Therefore, the assessment was hopelessly barred by limitation and that is the view taken by the learned Tribunal. Mr.Nizamuddin, learned advocate appearing on behalf of the revenue has not been able to find any fault with the view taken by the learned Tribunal. - Decided in favour of the assessee.
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