https://www.taxtmi.com/caselaws?id=462711 ITAT Mumbai quashed the final assessment order passed by AO on 28/02/2022 for being beyond the prescribed time limit. Under Section 144C(13), AO was required to pass the assessment order within one month from receipt of DRP directions, which mandated completion by 31/01/2022. Revenue failed to demonstrate that DRP directions were received after 31/12/2022. Following precedent including Renaissance Services BV case, the Tribunal held that assessment orders passed beyond statutory time limits are liable to be quashed. Assessee's appeal was allowed. en-us Wed, 08 Mar 2023 00:00:00 +0530 Thu, 10 Jul 2025 20:20:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462711 ITAT Mumbai quashed the final assessment order passed by AO on 28/02/2022 for being beyond the prescribed time limit. Under Section 144C(13), AO was required to pass the assessment order within one month from receipt of DRP directions, which mandated completion by 31/01/2022. Revenue failed to demonstrate that DRP directions were received after 31/12/2022. Following precedent including Renaissance Services BV case, the Tribunal held that assessment orders passed beyond statutory time limits are liable to be quashed. Assessee's appeal was allowed. Case-Laws Income Tax Wed, 08 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462711