https://www.taxtmi.com/caselaws?id=770049 The ITAT Mumbai held that the final assessment order dated 12.05.2015 passed under sections 143(3) read with 144C was barred by limitation. The transfer pricing order in the amalgamated entity's case had merged into a final assessment order that was subsequently quashed by CIT(A) for being passed against a non-existent entity. Since the quashed order had no legal validity, the extended 12-month time limit under section 153 was not available, requiring the assessment to be completed by 31.03.2015. The order being passed beyond this deadline was therefore invalid and liable to be quashed. en-us Tue, 31 Dec 2024 00:00:00 +0530 Tue, 06 May 2025 09:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770049 The ITAT Mumbai held that the final assessment order dated 12.05.2015 passed under sections 143(3) read with 144C was barred by limitation. The transfer pricing order in the amalgamated entity's case had merged into a final assessment order that was subsequently quashed by CIT(A) for being passed against a non-existent entity. Since the quashed order had no legal validity, the extended 12-month time limit under section 153 was not available, requiring the assessment to be completed by 31.03.2015. The order being passed beyond this deadline was therefore invalid and liable to be quashed. Case-Laws Income Tax Tue, 31 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770049