Section 201 Proceedings Time-Barred for initiation Beyond Reasonable Time Limit

Advertisement CIT International Taxation Vs MPHASIS Ltd  (Karnataka High Court) The Karnataka High Court adjudicated an appeal filed by the Revenue challenging an order of the Income Tax Appellate Tribunal (ITAT) relating to Assessment Year 2006–07. The primary issue concerned whether proceedings initiated under Section 201 of the Income Tax Act, 1961 against a non-resident deductee were barred by limitation despite the absence of a prescribed statutory time limit. Read SC judgment in this case: Unexplained Delay Of 600 Days Not Justified: SC Dismisses SLP Against Mphasis Ltd The Revenu...