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of <h1>ITAT rules final tax assessment void due to procedural non-compliance with Section 144C for UAE-based entity's 2018-19 tax year.</h1> The Income Tax Appellate Tribunal (ITAT) addressed the issue of procedural compliance under Section 144C of the Income Tax Act, 1961, in the context of foreign entities' tax assessments. The case involved a UAE-based entity assessed under Section 153C for the 2018-19 year, where the Assessing Officer failed to issue a draft assessment order as required by Section 144C. The Tribunal determined that foreign companies qualify as 'eligible assessees' under this section, necessitating adherence to the draft order procedure. The Tribunal ruled that non-compliance rendered the final assessment order void, emphasizing the importance of procedural fairness in tax assessments.
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