https://www.taxtmi.com/caselaws?id=775495 ITAT Pune held that under Section 144C, the AO must issue a draft assessment order reflecting proposed additions and consider only objections addressed by the DRP. The AO erred by disregarding the DRP's direction to delete TPO adjustments and instead relying on the income assessed under section 143(1), which is outside the scope of Section 144C. The addition made by the AO was therefore invalid. The AO was directed to assess the total income at the returned income figure. Additionally, the AO was instructed to verify and allow prepaid tax credits related to the amalgamating entity after providing the assessee an opportunity. Revised Grounds No. 2 and 3 were allowed accordingly. en-us Tue, 03 Jun 2025 00:00:00 +0530 Sat, 26 Jul 2025 08:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775495 ITAT Pune held that under Section 144C, the AO must issue a draft assessment order reflecting proposed additions and consider only objections addressed by the DRP. The AO erred by disregarding the DRP's direction to delete TPO adjustments and instead relying on the income assessed under section 143(1), which is outside the scope of Section 144C. The addition made by the AO was therefore invalid. The AO was directed to assess the total income at the returned income figure. Additionally, the AO was instructed to verify and allow prepaid tax credits related to the amalgamating entity after providing the assessee an opportunity. Revised Grounds No. 2 and 3 were allowed accordingly. Case-Laws Income Tax Tue, 03 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775495