https://www.taxtmi.com/caselaws?id=456415 The ITAT Jodhpur held that assessment orders under section 144C are subject to limitation periods prescribed under section 153, following Delhi Bench precedent in Super Brands Ltd. The court ruled that sections 144C and 153 are mutually inclusive, requiring completion of proceedings within statutory time limits regardless of remand to AO, TPO, or DRP. The assessment was quashed as time-barred. The tribunal allowed various deductions including section 80IA for captive power plants and steam generation, section 80IC benefits, and deleted disallowances under section 14A without proper satisfaction being recorded. Several grounds were remanded for re-examination including head office expense allocation and TDS credit verification. en-us Tue, 15 Nov 2022 00:00:00 +0530 Wed, 24 Jul 2024 10:17:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456415 The ITAT Jodhpur held that assessment orders under section 144C are subject to limitation periods prescribed under section 153, following Delhi Bench precedent in Super Brands Ltd. The court ruled that sections 144C and 153 are mutually inclusive, requiring completion of proceedings within statutory time limits regardless of remand to AO, TPO, or DRP. The assessment was quashed as time-barred. The tribunal allowed various deductions including section 80IA for captive power plants and steam generation, section 80IC benefits, and deleted disallowances under section 14A without proper satisfaction being recorded. Several grounds were remanded for re-examination including head office expense allocation and TDS credit verification. Case-Laws Income Tax Tue, 15 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456415