No power to CIT in extending timeframe as AO was in seisin of assessment proceedings

PCIT Vs Soul Space Projects Ltd (Delhi High Court)

Conclusion: Since the legislature vested the discretion to extend the timeframe solely in the AO, he could not have abdicated that function and confined his role to only making a recommendation to the CIT. CIT had no role in extending the timeframe as the AO was in seisin of the assessment proceedings.

Held: Assessee was engaged in the business of construction and allied services and was subjected

Please become a Premium member. If you are already a Premium member, login here to access the full content.