https://www.taxtmi.com/caselaws?id=763229 The ITAT Delhi quashed a final assessment order passed under section 147 read with section 144 as void ab initio for being beyond the prescribed time limit. The assessee received the draft order on 27.05.2023 and filed objections before the DRP on 06.07.2023, which was beyond the statutory one-month period. Since objections were filed late, the AO was mandatorily required to pass the final assessment order by 31.07.2023 under section 144C(4), but instead passed it on 04.03.2024. The ITAT held the order was barred by limitation and allowed the assessee's appeal. en-us Thu, 19 Sep 2024 00:00:00 +0530 Mon, 16 Dec 2024 08:44:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763229 The ITAT Delhi quashed a final assessment order passed under section 147 read with section 144 as void ab initio for being beyond the prescribed time limit. The assessee received the draft order on 27.05.2023 and filed objections before the DRP on 06.07.2023, which was beyond the statutory one-month period. Since objections were filed late, the AO was mandatorily required to pass the final assessment order by 31.07.2023 under section 144C(4), but instead passed it on 04.03.2024. The ITAT held the order was barred by limitation and allowed the assessee's appeal. Case-Laws Income Tax Thu, 19 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763229