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.
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…
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