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

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 the order was ba...