https://www.taxtmi.com/caselaws?id=462204 ITAT Chennai held that an assessment order passed under section 144C read with section 92CA was barred by limitation. The court ruled that section 144C(13) mandates the Assessing Officer to pass the final order before the end of the calendar month following receipt of directions, with no different timelines for set-aside assessments. The Revenue's arguments were found inconsistent with statutory regulations. Relying on Adobe Systems precedent, the tribunal quashed the assessment order dated 18.05.2023 as time-barred and allowed the assessee's appeal. en-us Wed, 29 May 2024 00:00:00 +0530 Sat, 31 May 2025 12:08:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462204 ITAT Chennai held that an assessment order passed under section 144C read with section 92CA was barred by limitation. The court ruled that section 144C(13) mandates the Assessing Officer to pass the final order before the end of the calendar month following receipt of directions, with no different timelines for set-aside assessments. The Revenue's arguments were found inconsistent with statutory regulations. Relying on Adobe Systems precedent, the tribunal quashed the assessment order dated 18.05.2023 as time-barred and allowed the assessee's appeal. Case-Laws Income Tax Wed, 29 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462204