Date of Dispatch of Assessment order Beyond the Limitation Period Prescribed u/s 153(1) of Income Tax Act: ITAT Quashes Assessment Order [Read Order]

By Ipsita Das - On September 15, 2023 4:00 pm - 3 mins read
Date of Dispatch of Assessment order Beyond the Limitation Period Prescribed Income Tax Ac - ITAT Quashes Assessment Order - TAXSCAN

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the assessment order, though passed on 31.12.2016, was dispatched to the Speed Post Centre on 02.01.2017 would have to be construed as assessment framed beyond the time limit prescribed under Section 153(1) of the Income Tax Act for the Assessment Year 2014-15 and hence…

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