On an appeal preferred by the Revenue, the Hon’ble Delhi High Court was called upon to decide whether the order passed by the AO was beyond the time limit prescribed under the provision of section 144 of the Act. The Hon’ble Court on basis of the record observed that the final assessment order was passed beyond the stipulated period and therefore, barred by limitation. The Hon’ble Court thus, confirmed the order of the Tribunal and dismissed the appeal preferred by the Revenue. (AY. 2013-14)
CIT(IT)-2 v. Mavenir UK Holdings (2024) 341 CTR 317 / 167 taxmann.com 321 /301 Taxman 340 (Delhi)(HC)
S. 144C : Reference to dispute resolution panel-Assessing Officer is mandated to pass final assessment order within time stipulated under S. 144C (4) of the Act-The fact that assessee had not filed objections before DRP within stipulated time is immaterial. [S. 144C (2), 260A].