https://www.taxtmi.com/caselaws?id=777814 HC held that where a Tribunal order leads to a variation in Arm's Length Price determined by the TPO, the Assessing Officer is obliged to issue a draft assessment order under s.144C(1). The court rejected Revenue's contention that no draft was required because the TPO merely implemented Tribunal directions, noting the TPO exercised discretion in selecting comparables and altered ALP. HC reiterated its prior view that issuance of a draft assessment order is mandatory when a Tribunal-related variation arises. en-us Tue, 19 Aug 2025 00:00:00 +0530 Fri, 05 Sep 2025 08:10:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777814 HC held that where a Tribunal order leads to a variation in Arm's Length Price determined by the TPO, the Assessing Officer is obliged to issue a draft assessment order under s.144C(1). The court rejected Revenue's contention that no draft was required because the TPO merely implemented Tribunal directions, noting the TPO exercised discretion in selecting comparables and altered ALP. HC reiterated its prior view that issuance of a draft assessment order is mandatory when a Tribunal-related variation arises. Case-Laws Income Tax Tue, 19 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777814