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2024 (5) TMI 845 - ITAT CHENNAIAssessment u/s 144C - Period of limitation - whether assessment proceedings are barred by limitation? - verification, if any, had to be conducted by AO, he has to do so within the time line given [viz within one month from the end of the month of receipt of the DRP direction] - HELD THAT:- As per sub-section (13) of section 144C of the Act, upon receipt of the directions under sub-section (5) from DRP, the AO shall inconformity with the directions of the DRP, complete the assessment without providing any further opportunity of being heard to the assessee within one month from the end of the month in which such direction is received. As relying on M/s.Taeyang Metal India Pvt. Ltd [2024 (3) TMI 153 - MADRAS HIGH COURT] we hold that the final assessment order passed by the AO/DCIT, Corporate Circle-1(2), Chennai, dated 21.11.2017 for AY 2013-14 in the case of the assessee was barred by limitation and therefore, passed wholly without jurisdiction and therefore, null in the eyes of law andtherefore, we quash the impugned assessment order. Assessee appeal allowed.
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