Topic

Assessment order validity

2 articlesLatest July 2026
Section 144C(13) IT Act | Strict One-Month Limit for Final Assessment Order Mandatory: ITAT Delhi Quashes Time-Barred Order
Case Law Analysis
|Income Tax Appellate Tribunal

Section 144C(13) IT Act | Strict One-Month Limit for Final Assessment Order Mandatory: ITAT Delhi Quashes Time-Barred Order

ITAT Delhi ruled that the final assessment order under Section 144C(13) of the Income Tax Act must be passed within one month of receiving DRP directions, failing which it is barred by limitation. The decision reinforces procedural compliance in transfer pricing assessments, impacting taxpayers and revenue authorities alike.

Section 263 IT Act | Revisionary Order Without Verification of Expenditure Claim Violates Natural Justice : ITAT Bangalore
Case Law Analysis
|Income Tax Appellate Tribunal

Section 263 IT Act | Revisionary Order Without Verification of Expenditure Claim Violates Natural Justice : ITAT Bangalore

ITAT Bangalore ruled that a revisionary order under Section 263 of the Income Tax Act is invalid if the Principal Commissioner fails to verify the existence of an expenditure claim before setting aside an assessment. The tribunal emphasized that such orders violate principles of natural justice and cannot be sustained without establishing a nexus between the assessee and alleged payees. This ruling reinforces the need for thorough inquiry before invoking revisionary jurisdiction.

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