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2021 (5) TMI 1062 - HC - Income TaxAssessment order u/s 144C - title of the order reads as “Draft Assessment Order u/s 143(3) r.w.s. 144C - As submitted the impugned assessment order will be treated as a draft assessment order and that the consequential notice of demand and notice for initiation of penalty proceedings shall stand withdrawn - HELD THAT:- Writ petition is disposed of with the following directions: (i) The assessment order dated 26.03.2021 shall be treated as a draft assessment order. (ii) The petitioner will have 30 days’ time to file its objections with the DRP. The aforementioned timeframe will commence from the date of the receipt of a copy of this order. (iii) The notice of demand and the notice for initiation of penalty proceedings shall stand withdrawn. (iv) In case the order passed by the DRP is adverse to the interest of the petitioner, it will have liberty to assail the same as per law.
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