Dora Medical Trading (India) Pvt. Ltd. vs. AO, Assessment Unit, Delhi
Parties Involved
Facts Summary
The case pertains to an appeal filed by Dora Medical Trading (India) Pvt. Ltd. against the Final Assessment Order passed by the Assessing Officer (AO) under sections 143(3), 144C(13), and 144B of the Income Tax Act, 1961, for the Assessment Year 2021-22. The assessee raised an additional ground of appeal contending that the Final Assessment Order dated 30.09.2024 is time-barred by limitation and is bad in law as it was passed beyond the time frame prescribed under section 153(1) read with section 153(4) of the Act. The assessee relied on various judgments and orders, including those from the Madras High Court and the Hyderabad Bench of the Tribunal, to support their contention. The Revenue, on the other hand, argued that the issue of limitation is currently unsettled and pending before the Supreme Court, and thus, the Tribunal should defer adjudication.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Final Assessment Order passed by the AO is time-barred by limitation under section 153 of the Income Tax Act, 1961.
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
4 precedents cited in this judgement.
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