{"id":39600,"date":"2024-02-23T14:17:14","date_gmt":"2024-02-23T08:47:14","guid":{"rendered":"https:\/\/itatonline.org\/digest\/lubrizol-advanced-materials-india-pvt-ltd-v-assessment-unit-2024-204-itd-130-mum-trib\/"},"modified":"2024-02-23T14:17:14","modified_gmt":"2024-02-23T08:47:14","slug":"lubrizol-advanced-materials-india-pvt-ltd-v-assessment-unit-2024-204-itd-130-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/lubrizol-advanced-materials-india-pvt-ltd-v-assessment-unit-2024-204-itd-130-mum-trib\/","title":{"rendered":"Lubrizol Advanced Materials India Pvt. Ltd. v. Assessment Unit (2024) 204 ITD 130 (Mum) (Trib)"},"content":{"rendered":"<p>Assessee had raised its objection before the DRP which had confirmed the action of TPO and challenged the assessment order dated 28.05.2021 before \u00a0the High court \u00a0on the ground that the assessment order was passed before the expiry of the time period granted for filing objection before DRP and High Court \u00a0quashed the assessment order. \u00a0Subsequently the DRP passed its direction dated 28 -1 -2022\u00a0 but the final assessment order was passed by the Assessing Officer on 30- 12 -20022 . On appeal the assessee challenged the final assessment order is barred by limitation. As per section 144C (13), the order ought to have been\u00a0 passed\u00a0 on or before 28-2 -2022 . i.e\u00a0 with in on month from the end of the month in which DRP\u2019s direction was received .\u00a0\u00a0\u00a0 The ITAT held that the \u00a0<strong>\u00a0<\/strong>order passed beyond period of\u00a0 one month from end of month in which direction received from DRP\u00a0 is time barred and void -ab initio. (AY. 2017 -18 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 144C : Reference to dispute resolution panel -limitation \u2013 Order passed beyond period of  one month from end of month in which direction received from DRP  is time barred and void -ab initio.[ S. 144(13)]<\/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-39600","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-aiI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39600","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=39600"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39600\/revisions"}],"predecessor-version":[{"id":39601,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39600\/revisions\/39601"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=39600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=39600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=39600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}