Final assessment order u/s. 143(3) beyond time prescribed u/s. 153 is time barred

ADP Private Limited Vs DCIT (ITAT Hyderabad)

ITAT Hyderabad held that final assessment order passed under section 143(3) of the Income Tax Act by AO beyond the time limit provided under Section 153(1) of the Income Tax Act is barred by limitation. Accordingly, appeal of assessee allowed.

Facts- This appeal filed by the assessee is against the final assessment order passed u/s. 143(3) r.w.s. 144C(13) r.w.s. 144B of the Income-tax Act, 1961, dated 06.12.2024, in pursuance to the Directions dated 27.09.2024 of the learned Dispute Resolution Panel–1, Bengalur

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