ITAT Kolkata Quashes Assessment Order as It Was Served After Limitation Deadline

Versuni India Home Solutions Ltd. Vs DCIT (ITAT Kolkata) The assessee filed an appeal against the order of the DC/ACIT TP-2, Kolkata, dated 11 July 2024 for Assessment Year 2020-21. During the hearing, the assessee pressed a ground challenging the validity of the assessment order passed under Section 143(3) read with Section 144C(13) of the Income-tax Act, contending that the order, though dated 31 July 2024, was served on the assessee only on 21 August 2024 and was therefore barred by limitation. The assessee outlined the sequence of assessment proceedings. The Transfer Pricing Officer passed...