https://www.taxtmi.com/caselaws?id=794389 Failure to issue a draft assessment order to an eligible assessee under the mandatory transfer pricing procedure was treated as a jurisdictional defect. The omission was not cured by a later corrigendum, because the draft order requirement must be followed before finalising the assessment. The note follows Vijay Television and the Supreme Court's approval in Rinku R. Rai, and treats S.G. Asia Holdings as factually inapplicable. On that basis, the assessment order was held vitiated and the Revenue's appeal was rejected. en-us Fri, 05 Jun 2026 00:00:00 +0530 Sat, 04 Jul 2026 08:15:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794389 Failure to issue a draft assessment order to an eligible assessee under the mandatory transfer pricing procedure was treated as a jurisdictional defect. The omission was not cured by a later corrigendum, because the draft order requirement must be followed before finalising the assessment. The note follows Vijay Television and the Supreme Court's approval in Rinku R. Rai, and treats S.G. Asia Holdings as factually inapplicable. On that basis, the assessment order was held vitiated and the Revenue's appeal was rejected. Case-Laws Income Tax Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794389