This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Patna HC: 4 Years Reasonable Limitation for Order u/s 201 of Income Tax Act
Case Law Details
- Case Name
- ITO Vs Indian Oil Corporation Ltd (Patna High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Patna High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
ITO Vs Indian Oil Corporation Ltd (Patna High Court)
Introduction: The Patna High Court recently dismissed an appeal filed by the Income Tax Department against Indian Oil Corporation Ltd (IOCL). The appeal pertained to the limitation period for an order under Section 201 of the Income Tax Act. The court examined whether a reasonable time limit should apply in the absence of a specific statutory limitation.
Analysis: The court found that the assessment orders under Section 201(1) and 201(1A) of the Income Tax Act were passed on 27th April 2007, for the assessment years 2002-03 and 2003-04. Howe...
