Vivo Mobile India Pvt. Ltd. Vs. ACIT
Parties Involved
Facts Summary
The case involves appeals filed by Vivo Mobile India Pvt. Ltd. against the Final Assessment Orders passed by the Assessing Officer for the Assessment Years 2017-18, 2018-19, and 2020-21. The appellant contends that these orders are time-barred and void ab initio as they were passed beyond the statutory limitation prescribed under Section 153 read with Section 144C of the Income Tax Act, 1961. The respondent argues that the issue of limitation is currently unsettled and pending before the Supreme Court, thus requesting the Tribunal to defer the adjudication of the appeal.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Final Assessment Orders passed by the Assessing Officer are 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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