https://www.taxtmi.com/highlights?id=81288 Final assessment order passed u/s 143(3) read with Section 144C(13) subsequent to Dispute Resolution Panel (DRP)/Transfer Pricing Officer (TPO) directions deemed invalid due to non-compliance with statutory provisions. Assessing Officer failed to follow DRP directions and pass rectification order as mandated. TPO issued Order Giving Effect (OGE) to TP adjustments post-DRP directions, forming part of assessment records. However, Assessing Officer's non-compliance constituted gross violation of Section 144C, rendering final assessment order contrary to the Act. Despite Revenue arguing it as a mistake, no efforts were made to rectify within reasonable time, violating law. Final assessment order quashed, assessee favored. en-us Fri, 13 Sep 2024 08:31:37 +0530 Fri, 13 Sep 2024 08:31:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=81288 Final assessment order passed u/s 143(3) read with Section 144C(13) subsequent to Dispute Resolution Panel (DRP)/Transfer Pricing Officer (TPO) directions deemed invalid due to non-compliance with statutory provisions. Assessing Officer failed to follow DRP directions and pass rectification order as mandated. TPO issued Order Giving Effect (OGE) to TP adjustments post-DRP directions, forming part of assessment records. However, Assessing Officer's non-compliance constituted gross violation of Section 144C, rendering final assessment order contrary to the Act. Despite Revenue arguing it as a mistake, no efforts were made to rectify within reasonable time, violating law. Final assessment order quashed, assessee favored. Highlights Income Tax Fri, 13 Sep 2024 08:31:37 +0530 https://www.taxtmi.com/highlights?id=81288