Validity of assessment u/s 153 - When the order of the Tribunal ...

Tribunal Nullifies Original Assessment Order; New Assessment by Officer Barred by Statute of Limitations.

May 9, 2016

Case Laws Income Tax AT

Validity of assessment u/s 153 - When the order of the Tribunal nullifies the total income assessed or determined in the original order of an assessment, it definitely means the setting aside of the original order and a fresh assessment determining the total income - The fresh assessment framed by the Learned AO is barred by limitation - AT

View Source

← Previous Next →

Validity of assessment u/s 153 - When the order of the Tribunal ...

Tribunal Nullifies Original Assessment Order; New Assessment by Officer Barred by Statute of Limitations.

May 9, 2016

Case Laws Income Tax AT

You may also like:

The ITAT held that the Transfer Pricing Officer's order was barred by limitation as it was not passed within 60 days from the date of the final assessment order as...

The Tribunal held that the assessment order passed by the Assessing Officer was barred by limitation and quashed it. As per Section 144C(13) read with Section 143(3),...

CESTAT adjudicated a complex customs proceedings case involving procedural safeguards under Section 155 of Customs Act, 1962. The tribunal found that the original...

Period of limitation - deeming a person to be an assessee-in-default - Non deduction of TDS - The Tribunal quashed the order dated 31.10.2019 issued u/s201(1) of the...

Assessee company failed to deduct tax at source as reflected in Tax Auditor's report. Demand u/s 201(1)/201(14) was barred by limitation. Assessee submitted that...

Refund of EDD - Period of limitation - Appellant unaware of finalisation of bills of entry - The Appellate Tribunal notes that neither the original authority nor...

ITAT set aside Pr.CIT's order under section 263, finding procedural irregularities in reassessment proceedings. The tribunal determined that Pr.CIT exceeded...

The issue pertained to the validity of filing a revised return after the prescribed time limit. The High Court set aside the Tribunal's order, stating that after the...

Revision u/s 263 - Period of limitation - the limitation prescribed under section 263(2) would run from original assessment in respect of issue alien to reasons recorded....

ITAT dismissed the assessee's appeal, confirming the addition of silver bars to the assessee's taxable income. The tribunal rejected the assessee's claim that the silver...

Refund claim was rejected as time-barred, having been filed beyond the one-year limitation period stipulated u/s 27 of the Customs Act, 1962. The appellant had...

Initiation of CIRP - Period of limitation - NPA - it appears that the bank had asserted, the bar of limitation did not apply as the corporate debtor had made...

ITAT quashed PCIT's revision order under Section 263, finding no valid basis for challenging the original assessment. The Tribunal determined that PCIT's directions were...

Validity of assessment order passed u/s 153(1) - Period of limitation - In this case, since, the Assessing Officer cannot invoke jurisdiction u/s.144C(1) and pass draft...

ITAT set aside penalty u/s 271(1)(c) after finding no deliberate concealment. The Tribunal noted two key disallowances: first, estimated expense addition was already...

Quick Updates: