Section 144C(4) – Assessment Order Time-Barred if Objections Filed After Limitation: Delhi HC

Mavenir UK Holdings Vs ACIT (ITAT Delhi) The Delhi High Court recently delivered a crucial verdict in the case of Mavenir UK Holdings vs. ACIT (Income Tax Appellate Tribunal, Delhi). The appeal was filed by the assessee against the order dated 27.12.2022, passed by the Assessing Officer (AO) under Section 147 read with Section 144 of the Income Tax Act, 1961. Grounds of Appeal: The assessee raised various grounds of appeal, challenging the validity and legality of the assessment order. Some of the key grounds included objections related to the assessment order’s timeliness, the alleged ...