Assessment Order Deemed Time-Barred: Lack of Evidence for Timely Issuance, Rules Tribunal

Dhanterash Sales Pvt. Ltd. Vs ITO (ITAT Kolkata) The Income Tax Appellate Tribunal (ITAT) Kolkata recently rendered a significant decision in the case of Dhanterash Sales Pvt. Ltd. versus the Income Tax Officer (ITO), shedding light on the critical issue of the timeliness of assessment orders. The tribunal ruled in favor of the assessee, highlighting procedural irregularities and lack of evidence regarding the timely issuance of the assessment order. Let’s delve into the details of the case and the tribunal’s decision. Background of the Case: Dhanterash Sales Pvt. Ltd. filed an ap...