Order passed beyond time limit prescribed u/s. 144C(13): Karnataka High Court

Himalaya Drug Company Makali Vs DCIT (Karnataka High Court) Karnataka High Court held that the assessment order passed is beyond the time limit prescribed under Section 144C(13) of Income Tax Act. Accordingly, the appeal is disposed of. Facts- The present appeal has been preferred by the assessee. The assessee had raised the contention that the order passed by the Income Tax Appellate Tribunal is beyond the period prescribed under section 144C(13) of IT Act. The said questions were answered against the assessee under order dated 21.06.2017 in the same appeal and the Appellate Tribunal had proc...