https://www.taxtmi.com/caselaws?id=413296 The Tribunal upheld the CIT(A)'s decision and dismissed the Revenue's appeal, ruling that the Assessing Officer's failure to issue a draft assessment order as mandated by Section 144C of the Income Tax Act invalidated the final assessment order. The High Court precedent established the mandatory nature of issuing a draft assessment order in transfer pricing cases, rendering the final assessment order null and void due to the procedural jurisdictional defect. As the procedural lapse was sufficient to invalidate the assessment, the Tribunal did not find it necessary for the CIT(A) to adjudicate the issue on merit. en-us Tue, 28 Sep 2021 00:00:00 +0530 Fri, 08 Oct 2021 08:21:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413296 The Tribunal upheld the CIT(A)'s decision and dismissed the Revenue's appeal, ruling that the Assessing Officer's failure to issue a draft assessment order as mandated by Section 144C of the Income Tax Act invalidated the final assessment order. The High Court precedent established the mandatory nature of issuing a draft assessment order in transfer pricing cases, rendering the final assessment order null and void due to the procedural jurisdictional defect. As the procedural lapse was sufficient to invalidate the assessment, the Tribunal did not find it necessary for the CIT(A) to adjudicate the issue on merit. Case-Laws Income Tax Tue, 28 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413296