https://www.taxtmi.com/highlights?id=95494 The dominant issue was the statutory limitation for passing the final assessment order under section 144C(13), i.e., whether the time limit is governed by section 153(1) read with section 153(4) or by section 144C(13) (one month from the end of the month of DRP directions). Relying on a coordinate bench ruling on an identical question, the Tribunal held that limitation must be computed under section 153(1) read with section 153(4), making the last permissible date 30.09.2023. Since the final assessment order was passed on 29.07.2024, it was held time-barred and was quashed. - ITAT en-us Mon, 29 Dec 2025 08:56:35 +0530 Mon, 29 Dec 2025 08:56:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=95494 The dominant issue was the statutory limitation for passing the final assessment order under section 144C(13), i.e., whether the time limit is governed by section 153(1) read with section 153(4) or by section 144C(13) (one month from the end of the month of DRP directions). Relying on a coordinate bench ruling on an identical question, the Tribunal held that limitation must be computed under section 153(1) read with section 153(4), making the last permissible date 30.09.2023. Since the final assessment order was passed on 29.07.2024, it was held time-barred and was quashed. - ITAT Highlights Income Tax Mon, 29 Dec 2025 08:56:35 +0530 https://www.taxtmi.com/highlights?id=95494