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SHOBA ANNAMMA EAPEN
Allianz Cornhill Information Services Private Limited – Appellant
Versus
Union of India Rep. by the Secretary, New Delhi – Respondent
JUDGMENT :
SHOBA ANNAMMA EAPEN, J.
1. This writ petition has been filed by the petitioner challenging the order passed by the assessing authority under the provisions of the Income Tax Act, 1961 (for short “the Act”) on the ground that it is issued beyond the period fixed under Sub-Section (13) of Section 144C of the Act.
2. Brief facts of the case are as follows:
The main legal principle established in the judgment is that the failure to comply with the time limits prescribed under Section 144C of the Income Tax Act constitutes an illegality that vitiates the....
Strict adherence to time limits under Section 144C is essential for the validity of assessment orders, as non-compliance vitiates the proceedings.
The time limit for completing assessments under Section 144C(13) of the Income Tax Act is mandatory, and failure to comply renders the assessment invalid.
The time limit under Section 144C(13) of the Income Tax Act is mandatory, and any assessment order passed beyond this limit is invalid.
Point of Law : Taxation - Assessment Order - Challenged - Assessment order without issuing a draft assessment order under Section 144C(1), even in case of remand of proceedings and that such an omiss....
Final assessment order u/s 144C(13) quashed as barred by limitation beyond one month from end of month of DRP directions; comparables excluded for functional dissimilarity and filter failures in TP a....
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