https://www.taxtmi.com/caselaws?id=447091 ITAT Visakhapatnam-AT held that the assessment order against a foreign company was null and void for non-compliance with section 144C(1) of the Income Tax Act. The AO failed to issue a mandatory draft assessment order before passing the final assessment order, despite the assessee being an eligible foreign company within the Act's definition. The court ruled that this procedural violation vitiated the final assessment order as one passed without jurisdiction, making it unsustainable in law. The appeal was decided in favor of the assessee. en-us Fri, 15 Dec 2023 00:00:00 +0530 Mon, 18 Dec 2023 09:12:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447091 ITAT Visakhapatnam-AT held that the assessment order against a foreign company was null and void for non-compliance with section 144C(1) of the Income Tax Act. The AO failed to issue a mandatory draft assessment order before passing the final assessment order, despite the assessee being an eligible foreign company within the Act's definition. The court ruled that this procedural violation vitiated the final assessment order as one passed without jurisdiction, making it unsustainable in law. The appeal was decided in favor of the assessee. Case-Laws Income Tax Fri, 15 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447091