Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Assessment Beyond Limitation Period Barred u/s 153(2): ITAT Quashes Reassessment and Penalty Against...
Income TaxOther Legal Matters
The ITAT has quashed a "reassessment and penalty against a non-resident," ruling that an "assessment beyond the limitation period is barred under Section 153(2)." The tribunal's decision provides a significant victory for the taxpayer. The ruling clarifies that a tax authority cannot issue a notice after the limitation period.
