https://www.taxtmi.com/caselaws?id=765413 The Tribunal quashed both assessment orders in question. The order dated 12.12.2019 was invalidated for being issued as a final assessment without a preceding draft order, violating section 144C(1) of the Income Tax Act, 1961. The order dated 29.09.2021 was deemed invalid for being issued beyond the statutory time limit, even after considering extensions under the Taxation and Other Laws (Relaxation and amendment of certain provisions) Act, 2020. The Tribunal emphasized the necessity of adhering to procedural requirements and statutory timelines, reinforcing the principles of due process and jurisdictional compliance. en-us Wed, 15 Jan 2025 00:00:00 +0530 Fri, 31 Jan 2025 07:54:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765413 The Tribunal quashed both assessment orders in question. The order dated 12.12.2019 was invalidated for being issued as a final assessment without a preceding draft order, violating section 144C(1) of the Income Tax Act, 1961. The order dated 29.09.2021 was deemed invalid for being issued beyond the statutory time limit, even after considering extensions under the Taxation and Other Laws (Relaxation and amendment of certain provisions) Act, 2020. The Tribunal emphasized the necessity of adhering to procedural requirements and statutory timelines, reinforcing the principles of due process and jurisdictional compliance. Case-Laws Income Tax Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765413