Section 153 Overrides Section 144C – Time-Barred Order Quashed

Concentrix Catalyst Technologies (P) Ltd. Vs DCIT (ITAT Hyderabad)

144C Can’t Stretch 153 — DRP Directions On Time, But AO Wasn’t – AO Missed Statutory Deadline- ITAT Hyderabad Quashes Time-Barred  Final Order

Hyderabad Tribunal examined a purely legal ground challenging validity of final assessment order passed u/s 143(3) r.w.s.144C(13). Assessee argued that limitation for passing the final order is governed by s.153(1) r.w.s.153(4). For AY 2020-21, after TP reference, statutory outer limit stood extended to 30

Please become a Premium member. If you are already a Premium member, login here to access the full content.