This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
IT Authorities are bound to carry on the proceedings in absence of any interim order
Case Law Details
- Case Name
- Pentamedia Graphics Limited Vs ACIT (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2005-06 and 2006-07
- Courts
- All High Courts, Madras High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Pentamedia Graphics Limited Vs ACIT (Madras High Court)
Facts- The order is challenged by the assessee on account of period of limitation under section 153(2) of the Income Tax Act. Assessee argued that the period of limitation, prescribed under Section 153 (2), to pass an order of re-assessment expired on 12.10.2014. However, the impugned order of re-assessment, under Section 143 (3) read with Section 147 of the Act, was passed by the respondent/assessing authority, on 21.10.2014 i.e., beyond the period of limitation and thus, the impugned orders are liable to be set aside.
Conclusion- Held t...
Author Info
