https://www.taxtmi.com/caselaws?id=434197 The ITAT dismissed the Revenue's appeal, ruling in favor of the assessee. The assessment order was found to be non-compliant with Section 144C of the Income Tax Act due to failure to incorporate the Dispute Resolution Panel's directions within the specified time frame. Despite arguments regarding timeliness and potential extension of the limitation period under Section 153(3), the Tribunal emphasized the binding nature of the DRP's directions, leading to the assessment order being deemed invalid and time-barred. The decision reinforces the necessity for adherence to statutory provisions by the Assessing Officer. en-us Mon, 09 Jan 2023 00:00:00 +0530 Mon, 29 Jun 2026 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434197 The ITAT dismissed the Revenue's appeal, ruling in favor of the assessee. The assessment order was found to be non-compliant with Section 144C of the Income Tax Act due to failure to incorporate the Dispute Resolution Panel's directions within the specified time frame. Despite arguments regarding timeliness and potential extension of the limitation period under Section 153(3), the Tribunal emphasized the binding nature of the DRP's directions, leading to the assessment order being deemed invalid and time-barred. The decision reinforces the necessity for adherence to statutory provisions by the Assessing Officer. Case-Laws Income Tax Mon, 09 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434197