Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
The Tribunal held that the assessment order passed by the Assessing Officer was barred by limitation and quashed it. As per Section 144C(13) read with Section 143(3), the Assessing Officer is required to give effect to the directions of the Dispute Resolution Panel (DRP) within one month from the end of the month in which such directions are received. In the instant case, the DRP's directions were received by the Assessing Officer on 03/10/2018, and the last date for passing the assessment order was 30/11/2018. However, the Assessing Officer passed the assessment order on 06/12/2018, which was beyond the prescribed time limit. The Tribunal relied on the decisions in Envestnet Asset Management (India) (P.) Ltd. and Dentsply India (P.) Ltd., where similar assessment orders passed after the expiry of the time limit were set aside. Accordingly, the Tribunal quashed the assessment orders for the relevant assessment years, being barred by limitation.
The Tribunal held that the assessment order passed by the Assessing Officer was barred by limitation and quashed it. As per Section 144C(13) read with Section 143(3), the Assessing Officer is required to give effect to the directions of the Dispute Resolution Panel (DRP) within one month from the end of the month in which such directions are received. In the instant case, the DRP's directions were received by the Assessing Officer on 03/10/2018, and the last date for passing the assessment order was 30/11/2018. However, the Assessing Officer passed the assessment order on 06/12/2018, which was beyond the prescribed time limit. The Tribunal relied on the decisions in Envestnet Asset Management (India) (P.) Ltd. and Dentsply India (P.) Ltd., where similar assessment orders passed after the expiry of the time limit were set aside. Accordingly, the Tribunal quashed the assessment orders for the relevant assessment years, being barred by limitation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
