ITAT Dismisses Revenue’s Appeal, Sides With Assessee in Time-Barred 153C Assessment Case [Read Order]
The tribunal noted the AO had referred a property valuation matter to the DVO on December 23, 2016, claiming this extended the assessment deadline beyond the original December 31, 2016 cutoff.
By Adwaid M S - On May 28, 2025 8:15 pm - 2 mins read
The Income Tax Appellate Tribunal (ITAT) Delhi bench has quashed a Rs.13.12 crore tax assessment against Delhi-based Dharampal Premchand Ltd, ruling the order was time-barred. The tribunal dismissed the Revenue Department’s appeal while partly allowing the assessee’s cross-objection regarding the validity of the assessment under Section 153C of the Income Tax Act. The case involved…
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