https://www.taxtmi.com/caselaws?id=357485 The Tribunal found the assessment order issued by the Assessing Officer (AO) to be invalid due to non-compliance with the procedure outlined in section 144C of the Income-tax Act, 1961. The issuance of a demand notice and initiation of penalty proceedings along with the draft assessment order rendered the proceedings null and void. Consequently, the appeal of the assessee was allowed, and the assessment order was set aside. The Tribunal did not address the merits of the addition proposed by the Transfer Pricing Officer (TPO) as the jurisdictional issue was resolved in favor of the assessee. en-us Tue, 23 Jan 2018 00:00:00 +0530 Sat, 24 Mar 2018 08:38:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357485 The Tribunal found the assessment order issued by the Assessing Officer (AO) to be invalid due to non-compliance with the procedure outlined in section 144C of the Income-tax Act, 1961. The issuance of a demand notice and initiation of penalty proceedings along with the draft assessment order rendered the proceedings null and void. Consequently, the appeal of the assessee was allowed, and the assessment order was set aside. The Tribunal did not address the merits of the addition proposed by the Transfer Pricing Officer (TPO) as the jurisdictional issue was resolved in favor of the assessee. Case-Laws Income Tax Tue, 23 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357485