The Bombay High Court has held that failure of the Income Tax Department to pass a fresh assessment order within the prescribed limitation period renders the proceedings time-barred, thereby requiring acceptance of the taxpayer’s return of income as filed. The bench of Justice B. P. Colabawalla and Justice Firdosh P. Pooniwalla has observed that the…
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Delay in Passing Assessment Order Bars Tax Demand; Mandates Acceptance of ITR: Bombay High Court
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.
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