Revision u/s 263 - impugned notice which seeks to give effect to ...

Notice u/s 263 Set Aside Due to Excessive Delay; No Limitation Period u/s 153(3) for Reassessment.

June 11, 2019

Case Laws Income Tax HC

Revision u/s 263 - impugned notice which seeks to give effect to an order u/s 263 for revision u/s 143(3) falls u/s 153(3) and not u/s 153 (2A) - there is no limitation prescribed u/s 153(3) for reassessment or recomputation - However, the delay of 8 years and 7 months in initiating such proceedings is inordinate and therefore fatal to the Department - notice set aside

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Revision u/s 263 - impugned notice which seeks to give effect to ...

Notice u/s 263 Set Aside Due to Excessive Delay; No Limitation Period u/s 153(3) for Reassessment.

June 11, 2019

Case Laws Income Tax HC

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