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DRP’s Rejection of Belated Objections Doesn’t Extend Assessment Limitation: ITAT Delhi

Case Law Details

Case Name
Ares Diversified Vs ACIT (ITAT Delhi)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2013-14
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Ares Diversified Vs ACIT (ITAT Delhi) In a landmark decision, the Delhi Income Tax Appellate Tribunal (ITAT) in the case of Ares Diversified Vs Assistant Commissioner of Income Tax (ACIT) addressed the implications of the Dispute Resolution Panel’s (DRP) rejection of belated objections on the limitation period for passing the final assessment order under Section 144C(4) of the Income Tax Act, 1961. The ruling clarifies the boundaries of procedural compliance and emphasizes the importance of adhering to statutory timelines. The assessee, Ares Diversified, filed appeals against the assessm...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 17,295

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