Tribunal Rules Foreign Company Assessment Void Due to Non-Compliance with Draft Order Procedure in Section 144C(1).

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Assessment of foreign company - in the working out of the order of the Tribunal results in the returned income being varied, then the procedure of passing a draft assessment order u/s 144C(1) of the Act is mandatory and has to be complied with, which has not been done - the order is without jurisdiction....