L T Foods Ltd. vs. DCIT
Case No: ITA No. 4425/del/2024
Court: INCOME TAX APPELLATE TRIBUNAL DELHI (DELHI BENCH ‘H’ NEW DELHI)
Date: 1/29/2026
Parties Involved
appellantL T Foods Limited
respondentDCIT
Facts Summary
The captioned appeal is filed by the Assessee, L T Foods Limited, challenging the Final Assessment Order passed under section 143(3) read with section 144C(13) and Section 144B of the Income Tax Act, 1961 dated 26/07/2024 pertaining to the Assessment Year 2020-21. The Assessee contends that the Final Assessment order is time-barred by limitation and is bad in law as it has been passed beyond the time frame prescribed under section 153(1) read with section 153(4) of the Income Tax Act, 1961. The …
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Final Assessment Order passed is time-barred by limitation under section 153(1) read with section 153(4) of the Income Tax Act, 1961.
Precedents Relied Upon
3 precedents cited in this judgement.