Section 144C(13) Delay Fatal: Tribunal Cancels Assessments

Luminous Power Technologies Private Ltd. Vs Deputy Director of Income Tax (ITAT Delhi)

Technical? No — Mandatory – One-Month Rule is Absolute-. Delay Under 144C(13) Is Fatal- ITAT Quashes Delayed DRP Final Orders as Time-Barred

Delhi Tribunal examined whether the Final Assessment Orders u/s 143(3) r.w.s.144C(13) were passed within the statutory time limit. Assessee pointed out that DRP issued directions on 04.03.2022 & therefore AO was mandatorily required u/s 144C(13) to pass the final order within one m

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