Read all Latest Updates on and about section 144C of the Income Tax Act

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Natural Justice Breach in Faceless Assessment: Delhi HC Nullifies AO’s Order, Directs CBDT to Fix DRP Procedure [Read Order]

The Delhi High Court has quashed a final assessment order and demand notice against the petitioner, holding that the assessing officer's (AO) action...

Manufacturing Entity Fails to Qualify 75% Trading Turnover Filter: ITAT Orders Deletion of...

Consideration for Off-shore Supply of Equipment and Designs cannot Be Taxed in India: ITAT allows...

Income Tax Final Assessment Passed While DRP Objections Still Pending: Gujarat HC Quashes Order for...

Ancillary Software Support Not a Fee for Technical Services: ITAT Drops ₹48.27 Cr Income Tax...

Failure to Issue Mandatory Draft Assessment Order to Non-Resident u/s 144C(1) Invalidates Search Assessment: ITAT Quashes Order [Read Order]

The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) quashed search assessment and ruled that the Assessing Officer (AO) failed to mandatorily issue draft assessment order to ...

Speculation Income Addition and Unexplained Income Addition of ₹68.45 Lakh: ITAT Remits Matter for Fresh Adjudication on Taxpayer's Affidavit [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has remitted the assessment to the file of the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh consideration for the case...

AO not competent to pass Draft Assessment Order u/s 144C(1) of Income Tax Act when TPO Makes no Variation: Bombay HC [Read Order]

The Bombay High Court has held that a draft assessment order is not permissible under section 144C(1) of the Income Tax Act when the TPO (transfer pricing officer) makes no variation.Classic Legends...

Draft Assessment Order Mandatory u/s 144C of Income Tax Act for ALP Variation : Karnataka HC Upholds ITAT Decision Declaring Order Void [Read Order]

The High Court of Karnataka, upheld the Income Tax Appellate Tribunal (ITAT ) decision declaring the order dated 22.11.2016 void, holding that a Draft Assessment Order under Section 144C of the...

Is DRP Procedure Bound by Time Limitation u/s.153? Split Verdict Leads Supreme Court Division Bench to Urge CJI to Form Specific Bench [Read Judgement]

The Supreme Court of India recently delivered a split verdict on whether the Dispute Resolution Panel (DRP) process under Section 144C of the Income Tax Act, 1961 must be completed within the...

Kerala HC Stays Recovery Proceedings for One Month as Petitioners Shift Appeals to Tribunal u/s 253(1)(d) [Read Order]

The Kerala High Court has ordered a temporary halt on recovery proceedings initiated by the Income Tax Department against a group of petitioners who are now in the process of moving their appeals...

ITAT quashes Final Assessment order as it was passed beyond the period of Limitation [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the final assessment order as it was passed beyond the period of limitation. In this case, the assessee had appealed against...