Final Assessment Invalid Without Draft Order u/s 144C(1), Even if Transfer Pricing Adjustment Accepted by Taxpayer.

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....Effect of non-passing draft assessment order u/s 144C(1) - even if assessee had accepted addition to be made on account of TP adjustment, during assessment proceedings, would not bestow the jurisdiction upon the AO and final assessment order passed in the case cannot be upheld in law, in the absence of AO passing draft assessment order, which is envisaged as per section 144C(1)....