Petitioner not an eligible assessee under s.144C(15)(b); draft and final assessments under s.144C(1)/s.143(3)/s.144B quashed and penalty show-cause notices set aside

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....The HC held that the petitioner was not an "eligible assessee" under s.144C(15)(b) of the I.T. Act, and therefore the Assessing Officer lacked jurisdiction to issue a draft assessment under s.144C(1). Consequently, the subsequent final assessment purportedly passed under s.143(3) read with s.144C(3) and s.144B, together with the demand notice and show-cause notices seeking penalty, were without jurisdiction and are quashed and set aside. The draft assessment dated 8 March 2025, the final assessment and demand notices dated 7 April 2025, and the penalty show-cause notices dated 7 April 2025 are annulled. Rule made absolute and the writ petition is disposed of accordingly.....