https://www.taxtmi.com/caselaws?id=795333 Final assessment orders under the Dispute Resolution Panel regime must conform to the Panel's binding directions under section 144C(13) of the Income-tax Act. Retaining an original transfer pricing adjustment without incorporating relief directed by the Panel constitutes a jurisdictional defect, not a clerical or arithmetical mistake. Rectification power under section 154 cannot validate an assessment made contrary to that statutory mandate. The assessment was therefore void from inception and quashed on the legal ground, while the transfer pricing merits remained undecided. en-us Thu, 18 Jun 2026 00:00:00 +0530 Tue, 21 Jul 2026 08:32:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795333 Final assessment orders under the Dispute Resolution Panel regime must conform to the Panel's binding directions under section 144C(13) of the Income-tax Act. Retaining an original transfer pricing adjustment without incorporating relief directed by the Panel constitutes a jurisdictional defect, not a clerical or arithmetical mistake. Rectification power under section 154 cannot validate an assessment made contrary to that statutory mandate. The assessment was therefore void from inception and quashed on the legal ground, while the transfer pricing merits remained undecided. Case-Laws Income Tax Thu, 18 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795333