https://www.taxtmi.com/caselaws?id=779564 HC held that where the TPO recommended an upward variation to the arm's-length price, the Assessing Officer was required under s.144C(1) to first serve a draft assessment order on the eligible assessee before passing a final order. The AO's direct issuance of a final assessment without providing the mandatory draft deprived the assessee of the s.144C(2) right to object to the DRP or to pursue normal appellate remedies. The final assessment was quashed and set aside; decision rendered in favour of the assessee. en-us Mon, 29 Sep 2025 00:00:00 +0530 Wed, 08 Oct 2025 08:45:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779564 HC held that where the TPO recommended an upward variation to the arm's-length price, the Assessing Officer was required under s.144C(1) to first serve a draft assessment order on the eligible assessee before passing a final order. The AO's direct issuance of a final assessment without providing the mandatory draft deprived the assessee of the s.144C(2) right to object to the DRP or to pursue normal appellate remedies. The final assessment was quashed and set aside; decision rendered in favour of the assessee. Case-Laws Income Tax Mon, 29 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779564