https://www.taxtmi.com/caselaws?id=445966 ITAT Mumbai held the final assessment order u/s 144C void-ab-initio for being time-barred. The AO was required to pass the assessment order within one month from receiving DRP directions on 31.01.2022, but failed to comply with this mandatory statutory timeline. The court emphasized strict adherence to the prescribed time limit, making the assessment order invalid despite the TPO's rejection of the appellant's benchmarking analysis and comparable companies for international transactions involving Marketing Support Services under TNMM method. en-us Wed, 25 Oct 2023 00:00:00 +0530 Thu, 23 Nov 2023 07:35:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445966 ITAT Mumbai held the final assessment order u/s 144C void-ab-initio for being time-barred. The AO was required to pass the assessment order within one month from receiving DRP directions on 31.01.2022, but failed to comply with this mandatory statutory timeline. The court emphasized strict adherence to the prescribed time limit, making the assessment order invalid despite the TPO's rejection of the appellant's benchmarking analysis and comparable companies for international transactions involving Marketing Support Services under TNMM method. Case-Laws Income Tax Wed, 25 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445966