Final Assessment Quashed for Breach of Statutory Time Limits

Triumph Motorcycles (India) Pvt. Ltd. Vs Additional/Joint/Deputy/ACIT (ITAT Delhi) ITAT Delhi: Final Assessment u/s 143(3) r.w.s. 144C Barred by Limitation – Section 153 Applies Despite Non-Obstante Clause; Assessment Quashed The Delhi Bench of the ITAT allowed the assessee’s appeal in Triumph Motorcycles (India) Pvt. Ltd. by holding that the final assessment order dated 26.02.2022 passed under section 143(3) read with sections 144C(13) and 144B for AY 2017-18 was barred by limitation and void ab initio. Relying primarily on the Madras High Court decision in Roca Bathroom Products (P) Ltd....