https://www.taxtmi.com/caselaws?id=762901 The ITAT Mumbai held that the Transfer Pricing Officer's order dated 01.11.2019 was barred by limitation as it was not passed within the required 60-day period before the limitation date under Section 92CA(3A) read with Section 153. The court determined that the order should have been passed by 31.10.2019, being 60 days prior to the limitation expiry on 31.12.2019. Since the TP order was invalid, the subsequent final assessment order dated 26.02.2020 also became barred by limitation. The decision favored the assessee against the revenue department. en-us Fri, 28 Jun 2024 00:00:00 +0530 Mon, 09 Dec 2024 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762901 The ITAT Mumbai held that the Transfer Pricing Officer's order dated 01.11.2019 was barred by limitation as it was not passed within the required 60-day period before the limitation date under Section 92CA(3A) read with Section 153. The court determined that the order should have been passed by 31.10.2019, being 60 days prior to the limitation expiry on 31.12.2019. Since the TP order was invalid, the subsequent final assessment order dated 26.02.2020 also became barred by limitation. The decision favored the assessee against the revenue department. Case-Laws Income Tax Fri, 28 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762901