Passing final assessment order beyond prescribed limit u/s. 144C bad-in-law: Delhi HC

CIT Vs Mavenir UK Holdings (Delhi High Court) Delhi High Court held that AO is required to pass final assessment order u/s. 144C within period of one month from the end of the month in which period of filing objection expires. Passing of final assessment order beyond the period prescribed u/s. 144C of the Income Tax Act is bad-in-law. Facts- The Revenue has filed the present appeal under Section 260A the Income Tax Act, 1961 impugning an order dated 05.01.2024 passed by the Income Tax Appellate Tribunal in ITA No.185/Del/2023 in respect of the assessment year 2013-14. The ITAT had allowed the ...