https://www.taxtmi.com/caselaws?id=442816 Where an assessing officer proposes an upward transfer pricing adjustment prejudicial to the assessee, he must first forward a draft assessment order to the eligible assessee under the dispute resolution procedure; failure to pass such a draft assessment order before finalising the assessment renders the final assessment jurisdictionally infirm. The decision treated reference to the dispute resolution panel and the absence of compliance with the draft order requirement as determinative, resulting in relief to the assessee against the upward adjustment under the transfer pricing exercise. en-us Mon, 04 Sep 2023 00:00:00 +0530 Wed, 11 Feb 2026 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442816 Where an assessing officer proposes an upward transfer pricing adjustment prejudicial to the assessee, he must first forward a draft assessment order to the eligible assessee under the dispute resolution procedure; failure to pass such a draft assessment order before finalising the assessment renders the final assessment jurisdictionally infirm. The decision treated reference to the dispute resolution panel and the absence of compliance with the draft order requirement as determinative, resulting in relief to the assessee against the upward adjustment under the transfer pricing exercise. Case-Laws Income Tax Mon, 04 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442816