https://www.taxtmi.com/caselaws?id=765965 ITAT Delhi held that assessment order u/s 153C was barred by limitation. AO claimed extension of limitation period under section 153B(3) based on valuation report reference dated 23.12.2016, but failed to provide evidence that any valuation report was actually received despite tribunal's directions. Without receipt of valuation report, AO was not entitled to limitation extension. Since limitation expired on 31.12.2016, the assessment order dated 28.08.2017 was quashed as time-barred. Appeal decided in favor of assessee. en-us Fri, 07 Feb 2025 00:00:00 +0530 Thu, 13 Feb 2025 08:36:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765965 ITAT Delhi held that assessment order u/s 153C was barred by limitation. AO claimed extension of limitation period under section 153B(3) based on valuation report reference dated 23.12.2016, but failed to provide evidence that any valuation report was actually received despite tribunal's directions. Without receipt of valuation report, AO was not entitled to limitation extension. Since limitation expired on 31.12.2016, the assessment order dated 28.08.2017 was quashed as time-barred. Appeal decided in favor of assessee. Case-Laws Income Tax Fri, 07 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765965