https://www.taxtmi.com/caselaws?id=752792 The ITAT Chennai held that assessment proceedings under section 144C were barred by limitation. The AO failed to complete the assessment within one month from receipt of DRP directions as mandated by section 144C(13). Following the Madras HC decision in Taeyang Metal India Pvt. Ltd, the tribunal ruled that the final assessment order dated 21.11.2017 for AY 2013-14 was passed without jurisdiction and was null in law. The impugned assessment order was quashed and the assessee's appeal was allowed. en-us Fri, 10 May 2024 00:00:00 +0530 Mon, 27 May 2024 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752792 The ITAT Chennai held that assessment proceedings under section 144C were barred by limitation. The AO failed to complete the assessment within one month from receipt of DRP directions as mandated by section 144C(13). Following the Madras HC decision in Taeyang Metal India Pvt. Ltd, the tribunal ruled that the final assessment order dated 21.11.2017 for AY 2013-14 was passed without jurisdiction and was null in law. The impugned assessment order was quashed and the assessee's appeal was allowed. Case-Laws Income Tax Fri, 10 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752792