J the App
HomeWhat We DoFeaturesPostsDownload App
HomeWhat We DoFeaturesPosts
Download App
Terms|Privacy

JustIDT Solutions Private Limited © 2026

  1. Home
  2. Posts
  3. Direct Tax
  4. Time Barred IT assessments quashed
Corporate TaxArticle·30 July 2026

Time Barred IT assessments quashed

By J the App

Executive Summary

The Karnataka High Court held ding that the assessments were completed beyond the period prescribed under Section 153B of the Income-tax Act after the Settlement Commission proceedings had abated, the Court quashed the assessment orders, consequential penalty notices and related show cause notices.

Domain | Corporate tax | Direct Tax

Background

The dispute arose following a...

Read the full article in the app

This is a premium article. Download J the App to read the complete content.

Read in the App

Get the full experience with comments, likes, and more in the app.

Open in App
App StoreGoogle Play