ITAT Quashes Final Assessment Order Passed Beyond Section 144C(13) Limitation

Rolls Royce India Pvt. Vs DCIT (ITAT Delhi)

Overview: ITAT DELHI quashes the final assessment order for being passed beyond the statutory time limit prescribed under Section 144C(13) of the Income Tax Act, rendering it void ab initio and legally unenforceable.

Facts- The assessee filed its return of income, which was processed under Section 143(1) of the Income Tax Act. Subsequently, the case was selected for scrutiny and referred to the Transfer Pricing Officer (TPO) for examination of various issues, including the verification of high-valu

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