ITAT Quashes TP Assessment Orders as Consequential Orders Were Passed Beyond Limitation Period

Advertisement Vivimed Labs Limited Vs ACIT (ITAT Hyderabad) Transfer Pricing Orders Invalid Because AO Missed Limitation Deadline Under Section 153; ITAT Sets Aside TP Adjustments Because Corporate Guarantee Directions Required Only Effect Giving; Consequential Assessment Orders on AE Advances and Corporate Guarantee Held Time-Barred by ITAT; ITAT Rejects Revenue’s Claim for Extended TP Limitation Because Remand Required Verification. In Vivimed Labs Limited Vs ACIT, the Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) allowed all three appeals filed by the assessee for Assessm...