https://www.taxtmi.com/caselaws?id=457136 ITAT Delhi held that assessment orders u/s 153C were invalid due to non-compliance with Section 144C(1) requiring forwarding of draft assessment orders to eligible assessees. The tribunal ruled that Section 144C(1) is a non-obstante clause that overrides contrary provisions and mandates draft assessment orders for eligible assessees where variations arise from Transfer Pricing Officer orders u/s 92CA(3). The assessment orders were deemed bad in law for failing to comply with this mandatory requirement. Decision favored the assessee against revenue. en-us Wed, 10 Jan 2024 00:00:00 +0530 Fri, 06 Sep 2024 20:53:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457136 ITAT Delhi held that assessment orders u/s 153C were invalid due to non-compliance with Section 144C(1) requiring forwarding of draft assessment orders to eligible assessees. The tribunal ruled that Section 144C(1) is a non-obstante clause that overrides contrary provisions and mandates draft assessment orders for eligible assessees where variations arise from Transfer Pricing Officer orders u/s 92CA(3). The assessment orders were deemed bad in law for failing to comply with this mandatory requirement. Decision favored the assessee against revenue. Case-Laws Income Tax Wed, 10 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457136