Time-Barred Final Assessment: Sections 144C & 153 Must Align — ITAT Delhi

Emaar India Limited Vs ACIT (ITAT Delhi) Final Assessment Order Time-Barred: ITAT Delhi Quashes Order in Emaar India Ltd.—Sections 144C & 153 Must Operate Together The Delhi ‘H’ Bench of the Income Tax Appellate Tribunal, Delhi Bench allowed the assessee’s appeal for AY 2020-21 and quashed the final assessment order passed under section 143(3) read with sections 144C(13) and 144B as barred by limitation. The assessee demonstrated, through an undisputed date chart, that the statutory outer time limit for completion of assessment under section 153(1) read with section 153(4) expired ...