https://www.taxtmi.com/highlights?id=88131 HC held that under Section 144C of the Income Tax Act, 1961, the Assessing Officer (AO) is mandatorily required to forward a draft assessment order to an eligible assessee when proposing variations prejudicial to the assessee's interests. In this case, the AO erroneously passed a final assessment order under Section 143(3) without following the prescribed procedure of issuing a draft order and providing an opportunity for representation. Consequently, the court remanded the matter, directing the AO to comply with Section 144C's procedural requirements, specifically forwarding a draft assessment order to the eligible assessee before finalizing the assessment, thereby ensuring procedural fairness and adherence to statutory provisions. en-us Wed, 07 May 2025 09:18:13 +0530 Wed, 07 May 2025 09:18:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=88131 HC held that under Section 144C of the Income Tax Act, 1961, the Assessing Officer (AO) is mandatorily required to forward a draft assessment order to an eligible assessee when proposing variations prejudicial to the assessee's interests. In this case, the AO erroneously passed a final assessment order under Section 143(3) without following the prescribed procedure of issuing a draft order and providing an opportunity for representation. Consequently, the court remanded the matter, directing the AO to comply with Section 144C's procedural requirements, specifically forwarding a draft assessment order to the eligible assessee before finalizing the assessment, thereby ensuring procedural fairness and adherence to statutory provisions. Highlights Income Tax Wed, 07 May 2025 09:18:13 +0530 https://www.taxtmi.com/highlights?id=88131