Perfetti Van Melle India Pvt. Ltd. Vs NFAC
Parties Involved
Facts Summary
The case involves an appeal by Perfetti Van Melle India Pvt. Ltd. against the Final Assessment Order passed by the National Faceless Appeal Centre (NFAC) for the Assessment Year 2021-22. The assessee raised additional grounds of appeal, including the contention that the Final Assessment Order was time-barred under Section 153 of the Income Tax Act, 1961. The assessee argued that the order was passed beyond the statutory limitation period. The Revenue, on the other hand, sought deferral of adjudication on the limitation issue, citing pending matters before the Supreme Court and High Courts. The assessee relied on judgments from the Madras High Court and orders from the Hyderabad Bench of the Tribunal to support their contention.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Final Assessment Order is time-barred under Section 153 of the Income Tax Act, 1961.
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
7 precedents cited in this judgement.
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