https://www.taxtmi.com/caselaws?id=758397 The ITAT Delhi quashed the final assessment order passed under section 143(3) read with section 144C(13) for non-compliance with statutory provisions. The Assessing Officer failed to follow DRP directions and did not pass any rectification order despite the TPO issuing an order to give effect to transfer pricing adjustments post-DRP directions. The tribunal held this constituted gross violation of law by the jurisdictional Assessing Officer. Revenue's argument that it was merely a mistake was rejected as no corrective action was taken within reasonable time. The assessment order was quashed for being contrary to statutory provisions. en-us Mon, 09 Sep 2024 00:00:00 +0530 Tue, 14 Apr 2026 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758397 The ITAT Delhi quashed the final assessment order passed under section 143(3) read with section 144C(13) for non-compliance with statutory provisions. The Assessing Officer failed to follow DRP directions and did not pass any rectification order despite the TPO issuing an order to give effect to transfer pricing adjustments post-DRP directions. The tribunal held this constituted gross violation of law by the jurisdictional Assessing Officer. Revenue's argument that it was merely a mistake was rejected as no corrective action was taken within reasonable time. The assessment order was quashed for being contrary to statutory provisions. Case-Laws Income Tax Mon, 09 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758397