https://www.taxtmi.com/caselaws?id=448901 Delhi HC set aside a TPO order dated 13 February 2023 for being passed beyond the statutory limitation period under Section 153(3) of the Income Tax Act. The Court held that the limitation period commenced from 31 January 2019 when the ITAT order was received by CIT(Judicial), making 30 September 2021 the last date for framing assessment orders even with TOLA benefits. The Court also quashed adjustments of refunds made on 20 May 2022 and 02 June 2022 against AY 2011-12 demand, ruling that no valid demand existed after the original assessment was set aside by ITAT on 20 December 2018. en-us Wed, 24 Jan 2024 00:00:00 +0530 Wed, 09 Jul 2025 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448901 Delhi HC set aside a TPO order dated 13 February 2023 for being passed beyond the statutory limitation period under Section 153(3) of the Income Tax Act. The Court held that the limitation period commenced from 31 January 2019 when the ITAT order was received by CIT(Judicial), making 30 September 2021 the last date for framing assessment orders even with TOLA benefits. The Court also quashed adjustments of refunds made on 20 May 2022 and 02 June 2022 against AY 2011-12 demand, ruling that no valid demand existed after the original assessment was set aside by ITAT on 20 December 2018. Case-Laws Income Tax Wed, 24 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448901