Asstt. Commissioner of Income Tax v/s The Wardha District Central Co–operative Bank Ltd.

Parties Involved

Facts Summary

The Revenue has filed an appeal challenging the order dated 31/05/2023 passed by the learned Commissioner of Income Tax (Appeals). The appeal raises the issue of whether the order passed under section 154 of the Income Tax Act, 1961 is sustainable on the ground of limitation. The assessment order was passed on 18/02/2016, and the last date for passing the order under section 154 was 31/03/2020. The rectification order was passed on 26/03/2021, which is beyond the limitation period.…

Legal Issues

• 1. Whether the order passed under section 154 of the Income Tax Act, 1961 is sustainable on the ground of limitation.

Judgment Outcome

Decided in favour of Revenue.

Precedents Relied Upon

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