[aaykarbhavan] Limitation period for assessment restarted once stay order was vacated even if it wasn’t communicated to department

Limitation period for assessment restarted once stay order was vacated even if it wasn't communicated to department

July 8, 2014[2014] 46 taxmann.com 108 (Allahabad)

IT : In terms of provisions of Explanation 1(ii) to section 153, period of limitation for assessment can be stayed only by an order or injunction of any Court and as soon as said order or injunction of Court is vacated, period of limitation shall re-start even though order vacating injunction is not communicated to department

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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