HomeDirect TaxDRP Timeline Can’t Override Statutory Limitation: ITAT

DRP Timeline Can’t Override Statutory Limitation: ITAT

The ITAT Hyderabad has held that Disputes Resolution Panel (DRP) timeline can’t override statutory limitation. The bench of Vijay Pal Rao (Vice President) and Madhusudan Sawdia (Accountant Member) has observed that the final assessment order dated 18.10.2024 was time-barred, since in a TPO-reference case the outer limitation under Section 153(1) r/w 153(4) expired on 31.12.2023….

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Amit Sharma
Amit Sharma
Amit Sharma is the Content Editor at JurisHour. He has been writing about the Indian legal market. He has covered tax & company litigation stories from the Supreme Court, High Courts and Various Tribunals. Amit graduated from MLSU Law College with B.A.LL.B. and also holds an LL.M. from MLSU, Udaipur, Rajasthan. An Advocate in Taxation, and practised in Tribunals as well as Rajasthan High Court and pursued Masters in Constitutional Law. He started out small with little resources but a big plan to take tax legal education to the remotest locations across India and eventually to the world. His vision is to make tax related legal developments accessible to the masses.

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