https://www.taxtmi.com/caselaws?id=361319 The Tribunal quashed the assessment order for the Assessment Year 2011-12 due to the AO's failure to issue a draft assessment order as required by Section 144C of the Income Tax Act, 1961. This procedural error rendered the final assessment order void. Consequently, the specific grounds related to additions under Sections 92C and alleged notional interest on outstanding receivables were not addressed on merits. The appeal by the assessee was partly allowed, while the Revenue's appeal was dismissed as infructuous. en-us Tue, 24 Apr 2018 00:00:00 +0530 Mon, 04 Jun 2018 19:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361319 The Tribunal quashed the assessment order for the Assessment Year 2011-12 due to the AO's failure to issue a draft assessment order as required by Section 144C of the Income Tax Act, 1961. This procedural error rendered the final assessment order void. Consequently, the specific grounds related to additions under Sections 92C and alleged notional interest on outstanding receivables were not addressed on merits. The appeal by the assessee was partly allowed, while the Revenue's appeal was dismissed as infructuous. Case-Laws Income Tax Tue, 24 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361319