IN THE INCOME TAX APPELLATE TRIBUNAL DELHI (DELHI BENCH ‘H’ NEW DELHI)

BEFORE YOGESH KUMAR U.S., JUDICIAL MEMBER AND SHRI KRINWANT SAHAY, ACCOUNTANT MEMBER ITA No. 4238/DEL/2024 (A.Y. 2020-21)

ITA No. 4238/DEL/2024 (A.Y. 2020-21)

ITA No. 4238/DEL/2024 (A.Y. 2020-21)

ITA No. 4238/DEL/2024 (A.Y. 2020-21)

ITA No. 4238/DEL/2024 (A.Y. 2020-21)

ITA No. 4238/DEL/2024 (A.Y. 2020-21)

ITA No. 4238/DEL/2024 (A.Y. 2020-21) ITA No. 4421/DEL/2024 (A.Y. 2020-21)

ORDER PER YOGESH KUMAR, U.S. JM:

The captioned appeals are filed by the Assessees challenging the respective Final Assessment Orders passed u/s 143(3) r.w.s. 144C(13) r.w. Section 144B of the Income Tax Act, 1961 (the Act in short) dated

18/07/2024and 26/07/2024 pertaining to A.Y 2020-21.

2. The Assessees have raised Ground No. 2 contending that the impugned Final Assessment orders dated 30/09/2024 and 26/07/2024 pertaining to A.Y 2020-21 are time barred by limitation and are bad in law, as the same have been passed beyond the time frame prescribed under section 153(1) read with section 153(4) of the Income Tax Act, 1961 ('Act' for short). The Ld. Assessee's Representative relying on the ratio laid down by the Hon'ble High Court of Madras in the ca