Final assessment order beyond period prescribed u/s. 144C(13) is barred by limitation

BMW India Pvt. Ltd. Vs ACIT (ITAT Delhi) ITAT Delhi held that as per section 144C(13) of the Income Tax Act final assessment order is to be passed within one month from the end of the month in which directions issued by DRP is received by AO. Assessment order passed beyond the period prescribed u/s. 144C(13) is time barred and liable to be quashed. Facts- A Final assessment Order came to be passed on 19/02/2016 u/s 143(3) r.w. Section 144C of the Income Tax Act, 1961, wherein the A.O. made addition/ adjustments on account of advertisement, marketing and promotion (AMP) expenditure, income of t...