The HC held that the assessment order passed by the Assessing Officer after expiry of limitation period...

The High Court determined that the assessment order issued by the Assessing Officer was invalid due to being issued beyond the statutory limitation period as prescribed under Section 153 of the Income Tax Act. The court applied established principles from precedent cases, emphasizing that the language "in consequence of or to give effect to" does not extend the scope of findings or directions. The limitation period, as per Section 153(6)(ii) and its Explanation 1, expired 60 days after the High Court's initial order, yet the assessment order was issued 10 months later. Consequently, the writ petition challenging the validity of the assessment order was allowed. .....

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