ITA Nos.457/Del/2024 & Others
Parties Involved
Facts Summary
The captioned appeals arise from the orders of the Commissioner of Income Tax (Appeals)-30, New Delhi passed under s. 250 of the Income Tax Act, 1961, emanating from respective assessment orders passed by the Assessing Officer. The appeals involve a common legal point concerning the bar of limitation under s. 153(3) of the Act. A search and seizure operation under s. 132 of the Act was carried out, leading to assessments under s. 153A. The legitimacy of the additions/disallowances was challenged before the ITAT. The Co-ordinate Bench of the Tribunal set aside the assessment orders and remitted the issues for fresh adjudication. The assessment orders were re-framed under s. 153A r.w.s 254/143(3) of the Act, all dated 23.04.2021, and were challenged in the present appeals.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the assessment orders are barred by limitation under s. 153(3) of the Income Tax Act, 1961.
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
4 precedents cited in this judgement.
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