https://www.taxtmi.com/caselaws?id=758606 ITAT Kolkata set aside assessment orders passed beyond statutory time limit under Section 144C(13). DRP directions were received by AO on 03/10/2018, requiring compliance by 30/11/2018. However, AO passed assessment orders on 06/12/2018, exceeding the prescribed one-month deadline. Following precedents from Envestnet Asset Management and Dentsply India cases, the tribunal held that assessment orders passed after expiry of statutory time limit are barred by limitation. Both assessment orders for AY 2010-11 and 2011-12 were quashed as time-barred. en-us Wed, 28 Feb 2024 00:00:00 +0530 Mon, 16 Sep 2024 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758606 ITAT Kolkata set aside assessment orders passed beyond statutory time limit under Section 144C(13). DRP directions were received by AO on 03/10/2018, requiring compliance by 30/11/2018. However, AO passed assessment orders on 06/12/2018, exceeding the prescribed one-month deadline. Following precedents from Envestnet Asset Management and Dentsply India cases, the tribunal held that assessment orders passed after expiry of statutory time limit are barred by limitation. Both assessment orders for AY 2010-11 and 2011-12 were quashed as time-barred. Case-Laws Income Tax Wed, 28 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758606