Question 1

What are the key legal issues in VEETEE FINE FOODS LIMITED?

Accepted Answer

1. Whether the limitation for passing the final assessment order under section 144C(13) of the Act is to be seen only with reference to the timeline specified under section 144C of the Act only without referring to provisions of section 153 of the Act.

Question 2

What are the facts of VEETEE FINE FOODS LIMITED?

Accepted Answer

The present adjudication involves a batch of six appeals pertaining to the same assessee, VEETEE FINE FOODS LTD., for the assessment years 2011-12, 2012-13, 2013-14, and 2021-22. For the assessment years 2011-12 and 2013-14, both the Revenue and the Assessee have filed cross appeals. For the assessment years 2012-13 and 2021-22, only the assessee has filed appeals. In all these appeals, the assessee has challenged the validity of the assessment order on the ground of limitation, considering the provisions of section 144C(13) read with section 153 of the Income Tax Act, 1961. The assessee raised a single additional ground challenging the validity of the assessment order on the grounds of limitation for each of the assessment years.

VEETEE FINE FOODS LIMITED

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