Johnson Matthey India Pvt. Ltd. Vs. DCIT
Parties Involved
Facts Summary
The case involves an appeal by Johnson Matthey India Pvt. Ltd. against the Final Assessment Order passed by the Assessing Officer under section 143(3) read with section 144C(13) and 144B of the Income Tax Act, 1961 for the Assessment Year 2021-22. The appellant contends that the assessment order is time-barred by limitation as per section 153(1) read with section 153(4) of the Act. The respondent argues that the issue of limitation is pending before the Supreme Court and should not be decided by the Tribunal at this stage.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Final Assessment Order passed by the Assessing Officer 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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