Time-Barred Assessment Quashed for Exceeding 10-Year Limit

DCIT Vs Alok Kumar Agarwal (ITAT Delhi)

Beyond 10 Years = Beyond Jurisdiction: SLP Pending, But Law Binding: Tribunal Refuses to Revive Time-Barred 153A Order

Assessment u/s 153A dated 24/05/2022 was quashed by CIT(A) on the ground that AY 2010-11 falls beyond the extended 10-year limitation prescribed in Explanation 1 to Section 153A(1). Revenue argued before Tribunal that an SLP has been filed against Delhi High Court judgment in Ojjus Medicare Pvt Ltd & additions were made to recover due tax. Assessee submitted that binding jurisdicti

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