https://www.taxtmi.com/caselaws?id=794389 Failure to issue a draft assessment order before making a transfer pricing adjustment against an eligible assessee breaches the mandatory, jurisdictional assessment procedure. A subsequent corrigendum cannot cure that defect. Applying the principles in Vijay Television and Rinku R. Rai, the assessment order was treated as vitiated, while S.G. Asia Holdings was considered inapplicable on the stated facts. 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 before making a transfer pricing adjustment against an eligible assessee breaches the mandatory, jurisdictional assessment procedure. A subsequent corrigendum cannot cure that defect. Applying the principles in Vijay Television and Rinku R. Rai, the assessment order was treated as vitiated, while S.G. Asia Holdings was considered inapplicable on the stated facts. 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