Pursuant to the order of the Tribunal dated 7 th January 2016\u00a0 , the Transfer Pricing Officer passed on order dated 24 -1 -2017. However the Assessing Officer has not passed the final order . The petitioner contended that they are eligible for refund\u00a0 of the amount of the assessment which is barred by limitation . On writ the Court held that the order giving effect to the order of the Tribunal is barred by limitation , consequently the adjustment of refund for the assessment year 2006-07 against the demand for the assessment year 2007 -08 was without jurisdiction . Accordingly directed the Revenue to refund the interest as applicable within a period of eight weeks . (WP ( C) 13765 of 2022 dt 27 -2 -2023 )( AY. 2007 -08 )<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 153 : Assessment \u2013 Limitation \u2013 Assessment barred by limitation- Refund due to the assessee must be paid along with the interest . [ S. 153(3), 153 (4), 254(1) Art, 226 ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-34823","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-93F","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=34823"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34823\/revisions"}],"predecessor-version":[{"id":34824,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34823\/revisions\/34824"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=34823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=34823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=34823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}