https://www.taxtmi.com/caselaws?id=447019 The ITAT Mumbai held that the TPO's order under section 92CA was barred by limitation. The TPO must pass orders at least 60 days before the limitation period under section 153 expires. Since the assessment order limitation was 31/12/2019, the TPO's order should have been passed by 31/10/2019, but it expired on that date. The tribunal declared the transfer pricing order null and void due to limitation, consequently quashing the final assessment order and all additions. The assessee's appeal was allowed. en-us Mon, 30 Oct 2023 00:00:00 +0530 Sat, 16 Dec 2023 09:58:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447019 The ITAT Mumbai held that the TPO's order under section 92CA was barred by limitation. The TPO must pass orders at least 60 days before the limitation period under section 153 expires. Since the assessment order limitation was 31/12/2019, the TPO's order should have been passed by 31/10/2019, but it expired on that date. The tribunal declared the transfer pricing order null and void due to limitation, consequently quashing the final assessment order and all additions. The assessee's appeal was allowed. Case-Laws Income Tax Mon, 30 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447019