https://www.taxtmi.com/caselaws?id=800872 Limitation for final assessments under the DRP mechanism is governed by a harmonious reading of Sections 144C and 153: the outer period in Section 153 continues to apply, while Section 144C(13) requires prompt completion after DRP directions without overriding that deadline. An interim restraint concerning a different High Court ruling did not prevent reliance on an unstayed binding ruling; Section 158AB provides the Revenue a mechanism where the same legal question is pending before the Supreme Court. The assessment made after expiry of the statutory deadline was quashed, subject to possible revival following the Larger Bench ruling. en-us Fri, 23 Jan 2026 00:00:00 +0530 Tue, 13 Oct 2026 07:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800872 Limitation for final assessments under the DRP mechanism is governed by a harmonious reading of Sections 144C and 153: the outer period in Section 153 continues to apply, while Section 144C(13) requires prompt completion after DRP directions without overriding that deadline. An interim restraint concerning a different High Court ruling did not prevent reliance on an unstayed binding ruling; Section 158AB provides the Revenue a mechanism where the same legal question is pending before the Supreme Court. The assessment made after expiry of the statutory deadline was quashed, subject to possible revival following the Larger Bench ruling. Case-Laws Income Tax Fri, 23 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800872