E-Assessment Scheme: Uploading DRP Directive Marks Start of Assessment Limitation Period

Louis Dreyfus Company India Private Limited Vs DCIT  (Delhi High Court) Delhi High Court has ruled in favor of Louis Dreyfus Company India Private Limited, quashing an assessment order dated August 24, 2022, issued by the Assessing Officer (AO) for the Assessment Year (AY) 2018-19. The court also set aside the consequential penalty show cause notice and the directions issued by the Dispute Resolution Panel (DRP) dated June 20, 2022. The primary reason for the court’s decision was the AO’s failure to issue the final assessment order within the mandatory one-month timeframe stipulat...