Invalid DVO Reference Cannot Extend Limitation Under Section 153

Sukla Banerjee Vs NFC/ITO (ITAT Kolkata) DVO Route Misused—Assessment Beyond 31-03-2024 Held Barred by Limitation-142A Is Not for Capital Gains: Wrong 142A Reference Can’t Extend Limitation: DVO Route Misused—Assessment Beyond 31-03-2024 Held Barred by Limitation 142A Is Not for Capital Gains: ITAT Kolkata Strikes Down ₹3.76 Cr LTCG Addition Kolkata ITAT ‘D’ Bench in Sukla Banerjee vs ITO (ITA No.1987/Kol/2025, AY 2022-23, order dated 23-12-2025) allowed the assessee’s appeal and quashed the entire assessment as barred by limitation, holding that a reference made to the DVO u/s 1...