TECH BOOKS INTERNATIONAL PVT. LTD.
Parties Involved
Facts Summary
The present adjudication involves a batch of three appeals pertaining to the same assessee, TECH BOOKS INTERNATIONAL PVT. LTD., for the assessment years 2013-14, 2014-15, and 2017-18. The assessee has challenged the validity of the assessment orders on the ground of limitation, considering the provisions of section 144C(13) read with section 153 of the Income Tax Act, 1961. The assessee argues that the final assessment orders were passed beyond the stipulated period of limitation as per section 153 of the Act. The Revenue, on the other hand, contends that the limitation period should be determined solely with reference to section 144C of the Act. The assessee relies on the decision in the case of Roca Bathroom Products (P) Ltd., while the Revenue argues that the issue is sub-judice before the Hon’ble Supreme Court and cites various precedents to support its position.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the limitation for passing the final assessment order under section 144C(13) of the Act is to be determined with reference to section 144C read with section 153 of the Act.
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
7 precedents cited in this judgement.
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