https://www.taxtmi.com/highlights?id=102179 Under the statutory scheme for draft assessments, filing objections before the Dispute Resolution Panel requires the Faceless Assessing Officer to keep assessment proceedings in abeyance until the Panel issues directions. A final assessment cannot be made after objections have been filed and the Transfer Pricing Officer has been informed, but before those objections are decided. The final assessment order and consequential demand notice were quashed, while the pending Dispute Resolution Panel proceedings remained unaffected and may be followed by further action in accordance with law. en-us Wed, 29 Jul 2026 14:36:47 +0530 Wed, 29 Jul 2026 14:36:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=102179 Under the statutory scheme for draft assessments, filing objections before the Dispute Resolution Panel requires the Faceless Assessing Officer to keep assessment proceedings in abeyance until the Panel issues directions. A final assessment cannot be made after objections have been filed and the Transfer Pricing Officer has been informed, but before those objections are decided. The final assessment order and consequential demand notice were quashed, while the pending Dispute Resolution Panel proceedings remained unaffected and may be followed by further action in accordance with law. Highlights Income Tax Wed, 29 Jul 2026 14:36:47 +0530 https://www.taxtmi.com/highlights?id=102179