Pre amendment too S. 201(3) Proceeding Initiation restricted to 4 years

Brief of the Case

Delhi High Court held In the case of Vodafone Essar Mobile Services Limited that as per amendment, the time limit for initiation of proceedings for assessee in default is four years from the end of the financial year in which payment is made or credit is given. It is proposed to make these amendments effective from 1st April, 2010 i.e. there was no time limit mentioned before this amendment. In the case of CIT vs. NHK Japan Broadcasting Corporation (2008) 305 ITR 137 (Del.) the questio

Please become a Premium member. If you are already a Premium member, login here to access the full content.