Held that the assessee had not filed an objection till the expiry of the period to file such objection. The provisions of section\u00a0144C(3)\u00a0read with section\u00a0144C(4)\u00a0of the\u00a0Income-tax Act, 1961\u00a0provide that the Assessing Officer will complete the assessment in accordance with the draft assessment order within a month if the assessee intimates the Assessing Officer about acceptance of the draft order or the assessee fails to file the objection within the period under sub-section\u00a0(2)\u00a0to section\u00a0144C\u00a0of the Act. Thus, the Assessing Officer in terms of the provisions of section\u00a0144C(3)\u00a0read with section\u00a0144C(4)\u00a0of the Act was required to complete the assessment on or before September 30, 2021 as the assessee failed to file an objection on or before August 31, 2021. The order passed by the Assessing Officer under section\u00a0143(3)\u00a0read with section\u00a0144C(13)\u00a0of the Act on March 23, 2022 instead of September 30, 2021 is ultra vires.(AY.2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 144C : Reference to dispute resolution panel-Assessment-Limitation-Draft assessment order-Objections a day late-And Dispute Resolution Panel dismissing objections as filed late-Assessing Officer is bound to complete assessment within a month from last date for filing objections-Order passed beyond that date ultra vires.[S.143(3)] <\/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-45014","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bI2","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45014","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=45014"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45014\/revisions"}],"predecessor-version":[{"id":45015,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45014\/revisions\/45015"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=45014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=45014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=45014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}