https://www.taxtmi.com/caselaws?id=754370 ITAT Chennai quashed final assessment orders for AY 2017-18 and AY 2018-19 as they were passed beyond the statutory time limit under section 144C(13). The AO was required to pass final assessment orders within one month from receiving DRP directions but failed to comply. For AY 2017-18, DRP directions received on 03.06.2022 required order by 31.07.2022, but AO passed it on 02.01.2023. For AY 2018-19, directions received on 30.06.2022 required order by 31.07.2022, but passed on 30.12.2022. Both orders were time-barred and quashed. Assessee's appeal allowed. en-us Wed, 13 Mar 2024 00:00:00 +0530 Fri, 21 Jun 2024 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754370 ITAT Chennai quashed final assessment orders for AY 2017-18 and AY 2018-19 as they were passed beyond the statutory time limit under section 144C(13). The AO was required to pass final assessment orders within one month from receiving DRP directions but failed to comply. For AY 2017-18, DRP directions received on 03.06.2022 required order by 31.07.2022, but AO passed it on 02.01.2023. For AY 2018-19, directions received on 30.06.2022 required order by 31.07.2022, but passed on 30.12.2022. Both orders were time-barred and quashed. Assessee's appeal allowed. Case-Laws Income Tax Wed, 13 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754370