Income Tax Order Passed After 10 Years is Time-Barred: Telangana HC

Advertisement Open Text Corporation India Private Limited Vs ACIT (Telangana High Court) The Telangana High Court examined the legality of a consequential assessment order dated 26 September 2024, passed by the Assistant Commissioner of Income Tax (ACIT) for Assessment Year (AY) 2005–06, following a remand by the Income Tax Appellate Tribunal (ITAT) ten years earlier. The petitioner, a software development company, challenged the order on two principal grounds—first, that the mandatory draft assessment procedure under Section 144C of the Income Tax Act was not followed, and second, that...