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S.144C DRP Proceedings Cannot Extend Limitation u/s 153: ITAT Quashes Time-Barred Income Tax Assessment in Motorola Case [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held that proceedings undertaken by Dispute Resolution Panel (DRP) under Section 144C of...

All Six Income Tax Final Assessment Orders Passed Beyond Limitation u/s 144C: ITAT Quashes...

Income Tax alleges Form 26A Filed Belatedly and Only 18 of 25 Supplier Certificates Furnished:...

Reassessment Held Time-Barred: Delhi HC Says No Judicial Direction to Extend Limitation u/s 153(6),...

ITAT sets aside Re-Assessment Order, due to Lack of Opportunity of being Heard and Errors in...

Period of Limitation: A Check Post for Income Tax Assessments

Limitations of time under the Income Tax Act are imposed for filing appeals against the assessment order and limitations for passing the assessment order by the income tax officers as well. The...

Circular Transactions within Group Entities not Considered Income for Assessee: ITAT [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) ruled that circular transactions within group entities would not be considered income for the assessee. V.V. Titanium Pigments Pvt.Ltd...

Complete Case Digest on Section 153 of Income Tax Act

Section 153 of the Income Tax Act outlines the time limit for completing assessments, reassessments, and re-computations. This section is important for both taxpayers and tax authorities, as it...

CESTAT Sets Aside Order of Commissioner of Customs (Appeals) for not Serving Order-in-Original u/s 153 of Customs Act [Read Order]

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), set aside order of Commissioner of Customs (Appeals) for not serving Order-in-Original under Section 153 of the...

ITAT Quashes TPO order Passed u/s 92CA(3) of Income Tax Act against Frost & Sullivan on the Ground of Limitation [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has quashed the order passed by Transfer Pricing Officer (TPO) under Section 92CA(3) of the Income Tax Act against Frost and Sullivan on the...

ITAT dismisses Assessment Order passed u/s 153 of Income Tax Act without recording proper satisfaction [Read Order]

The Income Tax Appellate Tribunal (ITAT) Jaipur bench dismissed the assessment order passed under Section 153 of the Income Tax Act , 1961 without recording proper satisfaction. As per...

Time Limit u/s 153 of Income Tax Act Prevails over Assessment Time Limit u/s 144C of Income Tax Act: Bombay HC

In a major decision the Bombay High Court observed that the time limit under Section 153 of the Income Tax Act, 1961 prevails over assessment time limit prescribed under Section 144C of the Income...