2025 (5) TMI 533 - SCH - Income Tax

Validity of order passed u/s 144C(5) - Reference to dispute resolution panel - 2023 (9) TMI 759 - BOMBAY HIGH COURT - as decided by HC 2023 (9) TMI 759 - BOMBAY HIGH COURT DRP could give directions only in pending assessment proceedings. Once assessment order is passed rightly or wrongly the assessment proceedings come to an end. Therefore the DRP would have no power to pass any directions contemplated under subsection 5 of Section 144C of the Act. Thus quash and set aside the directions issued by DRP and the consequent assessment order. HELD THAT - After having heard the learned counsel appearing for the petitioners we find no error in the view taken by the High Court. Special Leave Petition is accordingly dismissed.

Summary

The Supreme Court, with Hon'ble Justices Abhay S. Oka and Ujjal Bhuyan presiding, after hearing counsel for the petitioner, "found no error in the view taken by the High Court." The Court "condoned delay" and dismissed the Special Leave Petition. The pending application was disposed of accordingly.