https://www.taxtmi.com/highlights?id=54993 Proceedings initiated u/s 144C - legality of the order by framing the so-called draft assessment order - while framing the said draft assessment order, the AO not only issued and served demand notice, but has also initiated the penalty proceedings. - no hesitation to hold that the proceedings, when the demand notice was issued and served upon the assessee and penalty proceedings were simultaneously initiated making all subsequent proceedings and orders non-est. - AT en-us Sat, 03 Oct 2020 13:26:56 +0530 Sat, 03 Oct 2020 13:26:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54993 Proceedings initiated u/s 144C - legality of the order by framing the so-called draft assessment order - while framing the said draft assessment order, the AO not only issued and served demand notice, but has also initiated the penalty proceedings. - no hesitation to hold that the proceedings, when the demand notice was issued and served upon the assessee and penalty proceedings were simultaneously initiated making all subsequent proceedings and orders non-est. - AT Highlights Income Tax Sat, 03 Oct 2020 13:26:56 +0530 https://www.taxtmi.com/highlights?id=54993