Reference made to Swiss authorities for obtaining information regarding assessee\u2019s Swiss bank account for period prior to 1-4-2011. Amending Protocol dated 30-8-2010 substituted Article 26 and, in absence of any saving clause, earlier exchange of information provision stood obliterated\/novated. Under Art. 14(3) of the Amending Protocol, substituted Article 26 applied only to information relating to fiscal years beginning on or after 1-4-2011.\u00a0 Hence request made by Indian competent authority on 11-6-2013 for information pertaining to earlier years was not in terms of DTAA.\u00a0 Consequently, Revenue could not claim exclusion of one year under Explanation (ix) to S. 153B for computing limitation for completion of assessments u\/s 153A. Tribunal was justified in holding that assessments dated 4-3-2015 for AYs 2006-07 to 2011-12 were barred by limitation and in quashing same.\u00a0 Revenue\u2019s appeals dismissed. (AY. 2006-07 to 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 153A : Assessment-Search–Limitation-Exchange of information under Indo-Swiss DTAA-Reference made to Swiss authorities for period prior to 1-4-2011 not maintainable under amended Article 26-Benefit of exclusion of time under Explanation (ix) to S. 153B not available-Assessment orders rightly held barred by limitation-DTAA-India-Swiss. [S.69C,90, 132, 143(3), 153B, Expl. (ix), Art. 14, 26] <\/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-58894","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fjU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58894","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=58894"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58894\/revisions"}],"predecessor-version":[{"id":58895,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58894\/revisions\/58895"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=58894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=58894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=58894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}