No Income Tax Assessment Beyond 10-year limit u/s153A: ITAT favours Assessee [Read Order]

The Assessing Officer Erred in Assuming Jurisdiction since the Assessment Year was Beyond the 10 Year Limit
By Aakanksha Bajoria - On April 24, 2025 3:39 pm - 2 mins read
No Income Tax Assessment - ITAT - Assessee - taxscan

The New Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently quashed an assessment order passed by the Assessing Officer holding that the assessment year was beyond the ten-year outer ceiling limit prescribed by Section 153A of the Income Tax Act,1961. The assessee challenged the assumption of jurisdiction by the Assessing Officer and consequent…

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