https://www.taxtmi.com/caselaws?id=437224 The Tribunal quashed the Transfer Pricing Order dated 01/11/2019 and the Final Assessment Order dated 31/03/2021, ruling them both invalid and barred by limitation. The Transfer Pricing Order was deemed late, having been issued one day beyond the prescribed deadline under Section 92CA(3A) read with Section 153 of the Income Tax Act, 1961. Consequently, the Final Assessment Order was also rendered null and void, as it was based on the invalid Transfer Pricing Order. The Tribunal allowed the Appellant's primary ground, declaring the orders bad in law, and disposed of all other grounds as infructuous, ultimately ruling in favor of the Appellant. en-us Thu, 27 Apr 2023 00:00:00 +0530 Wed, 04 Dec 2024 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437224 The Tribunal quashed the Transfer Pricing Order dated 01/11/2019 and the Final Assessment Order dated 31/03/2021, ruling them both invalid and barred by limitation. The Transfer Pricing Order was deemed late, having been issued one day beyond the prescribed deadline under Section 92CA(3A) read with Section 153 of the Income Tax Act, 1961. Consequently, the Final Assessment Order was also rendered null and void, as it was based on the invalid Transfer Pricing Order. The Tribunal allowed the Appellant's primary ground, declaring the orders bad in law, and disposed of all other grounds as infructuous, ultimately ruling in favor of the Appellant. Case-Laws Income Tax Thu, 27 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437224