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Bombay High Court Quashes Time-Barred Reassessment Order: “Violation of Limitation Period Under Section 153 Renders Order Void; Procedural Irregularities Highlighted”

Court’s Decision The `Bombay High Court` quashed the reassessment order passed by the Income Tax Department under Section 143(3) read with Sections 147 and 144B of the Income Tax Act.…

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Rawlaw December 28, 2024

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Supreme Court Upholds Arbitral Award, Finds Claims Within Limitation Period Due to Acknowledgment of Debt, Rejects Counterclaims as Time-Barred for Not Being Part of Ongoing Negotiations”

Court’s Decision: The Supreme Court dismissed the appeals filed by OPG Power Generation Pvt. Ltd. and Gita Power and Infrastructure Pvt. Ltd., upholding the arbitral tribunal’s award in favor of…

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Rawlaw September 25, 2024

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