Delhi HC upholds ITAT decision, invalidates Assessment Order for Exceeding Statutory Timelines [Read Order]
Despite the late filing of objections by the assessee, the court dismissed the Revenue’s appeal, reaffirming that the Assessing Officer was obligated to issue the final order within the stipulated timeframe
In a recent ruling the Delhi High Court, upheld the Income Tax Appellate Tribunal’s ( ITAT ) decision to invalidate an assessment order for exceeding the statutory timelines under the Income Tax Act, 1961. The Revenue-petitioner appealed under Section 260A of the Income Tax Act, 1961, against the order dated 05.01.2024 issued by the ITAT…
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