Held, dismissing the appeal, the Court held that the Assessing Officer was mandated to complete the assessment “in conformity with the directions” as framed by the Dispute Resolution Panel within one month from the end of the month in which such a direction was received. Order of Tribunal affirmed.
PCIT v. Fiberhome India Pvt. Ltd [2024] 159 taxmann.com 772 / (2025) 482 ITR 221 (Delhi)(HC)
S. 144C : Reference to dispute resolution panel-Limitation-Draft assessment order Assessment order passed beyond statutory limitation period of one month from date of directions issued by Dispute Resolution Panel-Order is quashed and set aside.[S.144C(13), 260A]
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