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DRP Final Orders Quashed as Time-Barred Under Sections 144C & 153
Case Law Details
- Case Name
- Li & Fung (India) P. Ltd. Vs DCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Delhi
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Li & Fung (India) P. Ltd. Vs DCIT (ITAT Delhi)
ITAT Delhi Quashes DRP Assessments as Time-Barred: Final Orders Beyond Limitation under Section 144C r.w.s. 153
The Delhi Bench of the ITAT allowed the appeals of Li & Fung (India) Pvt. Ltd. for AYs 2018-19 and 2020-21 by quashing the final assessment orders passed under section 143(3) read with section 144C(13), holding them to be barred by limitation. The Tribunal rejected the Revenue’s preliminary objection that adjudication should be deferred due to the pending reference before the Supreme Court in Shelf Drilling Ron Tappmeyer Ltd., ...
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