Held that  the assessee not being an “eligible assessee” in terms of section 144C(15)(b), was not an assessee for whom the Assessing Officer was competent to pass the draft assessment order under section 144C(1) and consequently, he could not have passed the final assessment order under section 143(3) read with section 144C(3) read with section 144B. Accordingly, the draft assessment order, the final assessment order and the demand notice under section 156, as well as the notices under sections 270A and 271AAC seeking to impose a penalty, were quashed and set aside.