AO cannot Pass Final Assessment Order without Passing Draft as Prescribed u/s 144C (1) of Income Tax Act: ITAT quashes Order [Read Order]

The assessment order under Section 143(3) of the Income Tax Act, passed without following the prescribed procedure under Section 144C(1), is null and void.
AO Pass Final - Assessment Order Prescribed - us 144C (1) of Income Tax Act - ITAT - Order - TAXSCAN

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT )  quashed Assessing Officer ( AO )’s  final assessment order for failing to pass draft as required under Section 144C(1) of the Income Tax Act,1961.The Assessee during the relevant assessment year has entered into some international transactions and, therefore, the case of the Assessee…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here
taxscan-loader