TPO proposed TP adjustment. DRP confirmed said addition. Assessing Officer received directions of DRP on 18-9-2017, but final assessment was passed on 21-11-2017. On appeal the Tribunal held that since Assessing Officer was to pass final assessment order in conformity with directions of DRP on or before 31-10-2017, final assessment order having been passed on 21-11-2017, was bad in law hence quashed and set aside. (AY. 2013-14)
Conferencecall Services India (P.) Ltd. v. DCIT (2024) 207 ITD 435/112 ITR 53 (SN) (Chennai) (Trib.)
S. 144C : Reference to dispute resolution panel-Assessing Officer passed final assessment order in case of assessee on 21-11-2017 after one month from end of month in which he received directions of Dispute Resolution Panel i.e., 18-9-2017-Order is time barred hence quashed and set aside. [S.92CA,144C(13)]
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