https://www.taxtmi.com/caselaws?id=362279 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee, finding that the Assessing Officer (AO) failed to comply with the mandatory provisions of Section 144C by issuing a final assessment order instead of a draft assessment order. As a result, the final assessment order was deemed invalid, leading to its annulment. The ITAT did not delve into the Transfer Pricing adjustment due to the procedural irregularity. The appeal was allowed in favor of the assessee, with the order pronounced on 20th June 2018. en-us Wed, 20 Jun 2018 00:00:00 +0530 Fri, 22 Jun 2018 09:01:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362279 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee, finding that the Assessing Officer (AO) failed to comply with the mandatory provisions of Section 144C by issuing a final assessment order instead of a draft assessment order. As a result, the final assessment order was deemed invalid, leading to its annulment. The ITAT did not delve into the Transfer Pricing adjustment due to the procedural irregularity. The appeal was allowed in favor of the assessee, with the order pronounced on 20th June 2018. Case-Laws Income Tax Wed, 20 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362279