Valvoline Cummins Pvt. Ltd. Vs. DCIT
Parties Involved
Facts Summary
The case involves an appeal filed by Valvoline Cummins Pvt. Ltd. against the Final Assessment Order passed by the Assessing Officer under Section 143(3) read with Section 144C(13) of the Income Tax Act, 1961, dated 23/07/2024, for the Assessment Year 2020-21. The appellant contends that the Final Assessment Order is time-barred and void ab initio as it was passed beyond the statutory limitation prescribed under Section 153 read with Section 144C of the Act. The respondent argues that the issue of limitation is pending before the Hon'ble Supreme Court and seeks deferral of adjudication.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Final Assessment Order passed by the Assessing Officer is time-barred under Section 153 read with Section 144C 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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