FAO's Late Assessment Order Overruled; Original Income Return Accepted, Refund with Interest Granted.

FAO's Late Assessment Order Overruled; Original Income Return Accepted, Refund with Interest Granted. https://www.taxtmi.com/highlights?id=73013 Validity of assessment order passed u/s 144C - The assessment order passed by FAO two years after the DRP directions, is time barred and cannot be sustained. Consequently, the ROI as filed has to be accepted. Petitioner is entitled to receive the refund together with interest, in accordance with law. - HC en-us Fri, 10 Nov 2023 16:28:53 +0530 Fri, 10 Nov 2023 16:28:53 +0530 TaxTMI RSS Generator FAO's Late Assessment Order Overruled; Original Income Return Accepted, Refund with Interest Granted. https://www.taxtmi.com/highlights?id=73013 Validity of assessment order passed u/s 144C - The assessment order passed by FAO two years after the DRP directions, is time barred and cannot be sustained. Consequently, the ROI as filed has to be accepted. Petitioner is entitled to receive the refund together with interest, in accordance with law. - HC Highlights Income Tax Fri, 10 Nov 2023 16:28:53 +0530 https://www.taxtmi.com/highlights?id=73013