Assessment\u00a0 has become time-barred after remand by Tribunal. It was\u00a0 not in dispute that as per S. 153(2A) (which is the old provision), the limitation would expire on 31st March, 2018. However, if the amended provision, i.e., s. 153(3) were to be taken into account, the limitation would expire on 31st March, 2017. Thus, whichever regime is taken into account, i.e., the time-limit fixed as per s. 153(2A) or the time-limit fixed by the amended provision ie., s. 153(3) as of today the AO is bereft of jurisdiction and hence, would have no legal locus to pass assessment order-Assessment proceedings concerning asst. yrs. 1998-99 to 2009-10, pursuant to the orders of the Tribunal dt. 21st Nov., 2014 and 29th May, 2015, have become time-barred. On writ the Court directed the\u00a0 AO to accept the return of income \u00a0as available on record will be processed and \u00a0pass the consequential orders. Followed, Nokia India (P) Ltd. v. Dy. CIT (2017) 298 CTR\u00a0 334 \/157 DTR\u00a0 169 (Delhi) HC),\u00a0\u00a0 \u00a0\u00a0Ancent Technologies (Holding) Ltd. v. ACIT\u00a0 (2023) 334 CTR\u00a0 84 (225 DTR\u00a0 270(Delhi) (HC) (AY.\u00a0 1998-99 to 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 153 : Assessment-Reassessment-Limitation-Time barred assessment-Refund-Remand by Tribunal-Assessing Officer is directed to accept the return of income as available on record and pass the consequential orders. [S. 139, 153(2A), 153(3), 263 , Art. 226 ] <\/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-47559","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cn5","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47559","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=47559"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47559\/revisions"}],"predecessor-version":[{"id":52814,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47559\/revisions\/52814"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=47559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=47559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=47559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}