Assessment orders passed beyond prescribed period are invalid: ITAT Delhi

Dentsply India (P) Ltd. Vs ITO (ITAT Delhi) In a ruling emphasizing strict adherence to statutory timelines, the Income Tax Appellate Tribunal (ITAT) Delhi has quashed an assessment order against Dentsply India (P) Ltd. The Tribunal found that the Assessing Officer (AO) had passed the final assessment order beyond the mandatory time limit prescribed by Section 144C(13) of the Income Tax Act, 1961, rendering the order legally invalid. The decision, delivered on May 24, 2019, did not delve into the substantive tax disputes, allowing the assessee’s appeal solely on procedural grounds. The c...