Court Suspends Enforcement of Adverse Tax Order Pending Further Review; Next Hearing on February 9, 2024.

BID SERVICES DIVISION MAURITIUS LTD Versus ASSISTANT COMMISSIONER OF INCOME TAX INTERNATIONAL TAX & ANR.

BID SERVICES DIVISION MAURITIUS LTD Versus ASSISTANT COMMISSIONER OF INCOME TAX INTERNATIONAL TAX & ANR. - TMI The writ petition concerns Assessment Year 2021-22. The petitioner argues that the time limit for the AO to pass an assessment order has expired. The petitioner relies on judgments from the Bombay High Court and Madras High Court. The respondents mention a Special Leave Petition filed with the Supreme Court. An amendment for AY 2022-23 extends the timeframe for passing an assessment order to twelve months. The court requires further examination and issues notice. The matter is listed for 09.02.2024. The AO can continue with assessment proceedings, but any adverse order will not be enforced without further court directions.