Dismissing the appeal of the Revenue the Court held that since at the stage of passing draft order, ACIT had assessed tax, passed final order and also issued a demand notice. Procedure followed by the ACIT is contrary to law and mistake could not be cured under section 292B of the Act. (AY. 2011-12 to 2013-14)
CIT (IT) v. Cisco Systems services B.V. (2023)456 ITR 50 / 293 Taxman 85/334 CTR 52 (Karn)(HC) Editorial: Affirmed, Cisco Systems services B.V. v. Dy. CIT (IT)(2022) 194 ITD 135 (Bang)(Trib)/ Systems services B.V. v. Dy. CIT (IT)(2022) 193 ITD 809 (Bang)(Trib)/Delay of 424 days in filing of SLP , no explanation is offered for delay, SLP of Revenue is dismissed , CIT(IT) v. Cisco Systems Services B.V. India Branch(2024) 300 Taxman 359 (SC)
S. 144C : Reference to dispute resolution panel-Draft assessment order-Passing of final order-Contrary to law-Mistake could not be cured. [S. 156, 292B.]