Adobe India Tax Order Quashed due to failure to follow Statutory Time Limit

Adobe Systems India P. Ltd. Vs DCIT (ITAT Delhi) In a significant ruling, the Income Tax Appellate Tribunal (ITAT) Delhi Bench has quashed a substantial tax assessment order against Adobe Systems India P. Ltd., deeming it invalid due to being time-barred. The decision, handed down on June 16, 2022 (though the final assessment order challenged was dated April 6, 2022, for the assessment year 2020-21), centered on the Assessing Officer’s (AO) failure to adhere to the statutory time limit for issuing the final assessment order after receiving directions from the Dispute Resolution Panel (DR...