{"id":43061,"date":"2024-05-21T20:20:34","date_gmt":"2024-05-21T14:50:34","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ito-tds-v-indian-oil-corporation-ltd-2024-296-taxman-428-pathc\/"},"modified":"2024-05-21T20:20:34","modified_gmt":"2024-05-21T14:50:34","slug":"ito-tds-v-indian-oil-corporation-ltd-2024-296-taxman-428-pathc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ito-tds-v-indian-oil-corporation-ltd-2024-296-taxman-428-pathc\/","title":{"rendered":"ITO, TDS v. Indian Oil Corporation Ltd (2024) 296 Taxman 428 (Pat)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the Revenue the Court held that deemed reasonable period of limitation is four years when no period of limitation is prescribed by statute.On facts\u00a0 order under section 201(1) was passed by Assessing Officer beyond four years from end of relevant financial year, Tribunal was justified in setting aside said order. Followed UOI \u00a0v.\u00a0Kaumudini Narayan Dalal (2011) 117 Taxman 375 \/ 249 ITR 219 (SC) \u00a0CIT\u00a0v.\u00a0Narendra Doshi (2002) 122 Taxman 717 \/ 254 ITR 606 (SC) \u00a0\u00a0CIT\u00a0v.\u00a0Shivsagar Estate (2002) 124 Taxman 606\/ 257 ITR 59 (SC) \u00a0\u00a0Berger Paints India Ltd.\u00a0v.\u00a0CIT (2004) 135 Taxman 586 \/ 266 ITR 99 (SC) (AY. 2002-03)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 201 : Deduction at source-Failure to deduct or pay-Limitation-Deemed reasonable period of limitation is four years when no period of limitation is prescribed by statute. [S. 201(1), 201(IA)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-43061","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bcx","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=43061"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43061\/revisions"}],"predecessor-version":[{"id":43062,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43061\/revisions\/43062"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=43061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=43061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=43061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}