https://www.taxtmi.com/caselaws?id=765953 HC held that the time limit prescribed in Section 144C(13) is mandatory and overrides Section 153. The limitation period runs from the end of the month in which the DRP's directions under Section 144C(5) are received, and not from any subsequent order of the TPO. Post-DRP directions, no authority other than the AO intervenes, and the AO must pass the final assessment order within one month, including any intervening internal exercises. As the AO's final assessment order dated 27 February 2015 was passed beyond this statutory period, it was held to be time-barred. The assessment was quashed and the matter decided in favour of the assessee. en-us Tue, 11 Feb 2025 00:00:00 +0530 Mon, 08 Dec 2025 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765953 HC held that the time limit prescribed in Section 144C(13) is mandatory and overrides Section 153. The limitation period runs from the end of the month in which the DRP's directions under Section 144C(5) are received, and not from any subsequent order of the TPO. Post-DRP directions, no authority other than the AO intervenes, and the AO must pass the final assessment order within one month, including any intervening internal exercises. As the AO's final assessment order dated 27 February 2015 was passed beyond this statutory period, it was held to be time-barred. The assessment was quashed and the matter decided in favour of the assessee. Case-Laws Income Tax Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765953