TMI BlogAddition proposed in the draft assessment order as TP adjustment - Non following mandatory provisions of...Addition proposed in the draft assessment order as TP adjustment - Non following mandatory provisions of Sec. 144C while issuing draft assessment order - The ITAT found merit in the assessee's argument, holding that the assessment order was void as the AO failed to follow the mandatory procedure laid down under Section 144C of the Act. The ITAT referred to various judicial precedents, including decisions of the Hon’ble Karnataka High Court and other ITAT decisions, supporting this view. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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