Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
The Appellate Tribunal considered the validity of final assessment orders passed beyond the limit set by section 144C(13). It was held that the Assessing Officer (AO) must issue the final assessment order within one month of receiving directions from the DRP. In the case of AY 2017-18, the AO passed the final assessment order on 02.01.2023, which was after the prescribed time limit, making it barred by limitation. Similarly, for AY 2018-19, the AO's order on 30.12.2022 was also beyond the limit. Consequently, both orders were quashed as they violated section 144C(13), and the appeal of the assessee was allowed.
The Appellate Tribunal considered the validity of final assessment orders passed beyond the limit set by section 144C(13). It was held that the Assessing Officer (AO) must issue the final assessment order within one month of receiving directions from the DRP. In the case of AY 2017-18, the AO passed the final assessment order on 02.01.2023, which was after the prescribed time limit, making it barred by limitation. Similarly, for AY 2018-19, the AO's order on 30.12.2022 was also beyond the limit. Consequently, both orders were quashed as they violated section 144C(13), and the appeal of the assessee was allowed.
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