Form ITNS-150 Constitutes Valid Assessment Order u/s 143(3), Any Rectification Attracts S. 154 Limitation Period: Delhi HC [Read Order]
The court ruled that Form ITNS-150 is a valid assessment order under Section 143(3), and any modification to it must comply with the limitation period prescribed under Section 154.
By Kavi Priya - On April 17, 2025 6:23 pm - 2 mins read
In a recent judgment, the Delhi High Court ruled that Form ITNS-150 is not merely a ministerial document but a valid assessment order under Section 143(3) of the Income Tax Act, 1961, and any amendment to this form is subject to the statutory limitation period prescribed under Section 154 of the Act. The case arose…
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