Section 153 Overrides Section 144C – Time-Barred Order Quashed

Concentrix Catalyst Technologies (P) Ltd. Vs DCIT (ITAT Hyderabad) 144C Can’t Stretch 153 — DRP Directions On Time, But AO Wasn’t – AO Missed Statutory Deadline- ITAT Hyderabad Quashes Time-Barred  Final Order Hyderabad Tribunal examined a purely legal ground challenging validity of final assessment order passed u/s 143(3) r.w.s.144C(13). Assessee argued that limitation for passing the final order is governed by s.153(1) r.w.s.153(4). For AY 2020-21, after TP reference, statutory outer limit stood extended to 30.09.2023, whereas AO passed final order only on 29.07.2024, much beyon...