Assessment Order Issued Beyond Limitation Period is Invalid: ITAT Delhi

BBC World Service India Pvt. Ltd Vs ACIT (ITAT Delhi) Income Tax Appellate Tribunal (ITAT), Delhi Bench, has quashed the assessment order for the assessment year 2017-18 against BBC World Service India Private Limited. The Tribunal’s decision, pronounced on February 7, 2025, determined that the final assessment order was issued beyond the statutory period of limitation, rendering it invalid. The appeal by BBC World Service India Private Limited challenged an assessment order dated May 26, 2022, issued under Section 143(3) read with Section 144C(13) of the Income Tax Act, 1961. The core a...