https://www.taxtmi.com/caselaws?id=295945 The court found that the Assessing Officer's failure to issue a draft assessment order after receiving proposals from the Transfer Pricing Officer and passing a final assessment order without due process was not in compliance with the law. The court ruled that the final assessment order was quashed, but the time during legal proceedings would be excluded from the limitation period for a fresh assessment order. The Assessing Officer was directed to proceed lawfully under the Income Tax Act, with all parties retaining their rights and contentions open. The judgment emphasized the importance of adhering to due process in tax assessments and the court's role in ensuring fair proceedings. en-us Thu, 16 Aug 2018 00:00:00 +0530 Sat, 26 Jun 2021 06:55:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295945 The court found that the Assessing Officer's failure to issue a draft assessment order after receiving proposals from the Transfer Pricing Officer and passing a final assessment order without due process was not in compliance with the law. The court ruled that the final assessment order was quashed, but the time during legal proceedings would be excluded from the limitation period for a fresh assessment order. The Assessing Officer was directed to proceed lawfully under the Income Tax Act, with all parties retaining their rights and contentions open. The judgment emphasized the importance of adhering to due process in tax assessments and the court's role in ensuring fair proceedings. Case-Laws Income Tax Thu, 16 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295945