J&K HC Stays Income Tax Order on Time-Barred Grounds

Sanju Aggarwal Vs Union of India and Ors (Jammu and Kashmir High Court) The Jammu & Kashmir and Ladakh High Court has stayed a tax recovery order against Sanju Aggarwal, a taxpayer, after finding that a rectifying order passed by the Income Tax Department was likely issued beyond the statutory time limit. The court’s decision, reached by mutual consent of both parties, sends the matter back to the Commissioner of Income Tax (Appeals) for a fresh review. The case originated from an order dated September 6, 2017, in which the Assessing Officer (AO) rectified an earlier order from June ...