Limitation period does not apply to withholding tax proceedings – Punjab & Haryana HC

Commissioner of Income Tax (TDS) Vs M/s H.M.T. Ltd. (Punjab & Haryana High Court)– There is no specific provision prescribing any limitation for passing the order under Sections 201(1) and 201(1A) of the Act. According to the learned counsel, in view of Apex Court judgement in M/s Hindustan Times Ltd. Vs. Union of India and others, AIR 1998 SC 688 where no limitation is prescribed, the rule that power should be exercised within reasonable time is not applicable to the facts of the present case. Reference can also made to the judgement of the Kerala High Court in Commissioner of In...