https://www.taxtmi.com/caselaws?id=459428 ITAT Mumbai held that the TPO's order u/s 92CA(3) passed on 01/11/2019 was time-barred by one day, as the 60-day limitation period under section 92CA(3A) expired on 30/12/2019, while the assessment completion due date was 31/12/2019. Following precedents from Transporter Industry International and Pfizer Healthcare India, the tribunal ruled the TPO order invalid. Since no valid TPO order existed, the extended limitation period under section 153(4) was unavailable to the AO, rendering the final assessment order also time-barred. Decision favored the assessee. en-us Mon, 13 Nov 2023 00:00:00 +0530 Thu, 12 Dec 2024 21:33:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459428 ITAT Mumbai held that the TPO's order u/s 92CA(3) passed on 01/11/2019 was time-barred by one day, as the 60-day limitation period under section 92CA(3A) expired on 30/12/2019, while the assessment completion due date was 31/12/2019. Following precedents from Transporter Industry International and Pfizer Healthcare India, the tribunal ruled the TPO order invalid. Since no valid TPO order existed, the extended limitation period under section 153(4) was unavailable to the AO, rendering the final assessment order also time-barred. Decision favored the assessee. Case-Laws Income Tax Mon, 13 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459428