https://www.taxtmi.com/caselaws?id=327342 The Tribunal allowed the assessee's cross-objection, setting aside the AO's order due to non-compliance with Section 144C of the Income-tax Act, 1961. The Tribunal dismissed the Revenue's appeal without addressing the validity of the Transfer Pricing Officer's adjustments or the application of extraordinary expenses in determining the arm's length price. The Tribunal emphasized the mandatory nature of issuing a draft assessment order under Section 144C, which the AO failed to do, rendering the final assessment order void. en-us Fri, 11 Mar 2016 00:00:00 +0530 Mon, 09 May 2016 00:39:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327342 The Tribunal allowed the assessee's cross-objection, setting aside the AO's order due to non-compliance with Section 144C of the Income-tax Act, 1961. The Tribunal dismissed the Revenue's appeal without addressing the validity of the Transfer Pricing Officer's adjustments or the application of extraordinary expenses in determining the arm's length price. The Tribunal emphasized the mandatory nature of issuing a draft assessment order under Section 144C, which the AO failed to do, rendering the final assessment order void. Case-Laws Income Tax Fri, 11 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327342