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2020 (8) TMI 619 - HC - Income TaxDefault u/s 201(1) and 201(1A) - Period of limitation for initiating proceedings under Section 201(1) and 201(1A) - HELD THAT:- It is not in dispute that for the relevant Assessment years i.e., 2000-01 to 2002-03, the proceedings were initiated after a period of four years. The aforesaid issue is no longer res integra. The Supreme Court in BHATINDA DISTRICT COOPERATIVE MILK PRODUCERS UNION LTD. [2007 (10) TMI 300 - SUPREME COURT] Reasonable period for initiation of proceedings in respect of the Assessment years in question, at the time where no limitation was prescribed has been held to be four years. It is not in dispute that in the instant case, the proceedings under Section 201(1) and 201(1A) of the Act have been initiated after a period of four years. Therefore, the same cannot be held to be initiated within the reasonable time and consequently, the proceedings cannot be sustained in the eye of law. - Decided in favour of the assessee
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