25 results for “transfer pricing”+ Section 144B(1)(xvi)clear
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In the result, appeal of the assessee is allowed
Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm M/S Lubrizol Advanced Materials India Private Limited Assessment Unit (Income Tax App. & Bus. Centre, 6 Th Floor, Department) Mehra Industrial Estate, Vs. Mumbai Jaswanti Landmark, Lbs Marg, Vikhroli (West), Mumbai-400 079 (Respondent) (Appellant) Pan No. Aaac1436B Assessee By : Shri Madhur Agrawal, Ar Revenue By : Shri Pankaj Kumar, Dr Date Of Hearing: 21.12.2023 Date Of Pronouncement : 09.01.2024
144B of the Act, is barred by limitation, since impugned order is passed/issued beyond the maximum time limit prescribed under section 144C(13) of the Act. Hence the assessment order is liable to be quashed/annulled as time barred. 2. Without prejudice to ground 1 above, on facts and circumstances of the case and in law, Deputy Commissioner of Income