Section 153C Proceedings Invalidated: Absence of Draft Order Violates CBDT Circular No. 09/2013 Requirements.

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....Validity of proceedings u/s 153C - related party transaction with subsidiary companies - Evidently, no draft order was passed in this case. See CBDT Circular No. 09/2013 dated 19.11.2013 wherein the Assessing Officer is required to forward a draft assessment order to the eligible assessee, if he proposes to make, on or after the 1st day of October, 2009, any variation in the income or loss returned which is prejudicial to the interest of such assessee - assessment order is bad in law - AT....