Tribunal held that the Assessing Officer passed the final assessment order which was in contravention of provision of s.144C of the Act. Accordingly the final assessment order being bad in law, all notices including the penalty notices and notice of demand is quashed. (AY. 2012-13)
Panasonic Life Solutions India (P.) Ltd. v. ACIT [2024] 205 ITD 139/ 227 TTJ 367 (Mum)(Trib)
S.144C: Reference to dispute resolution panel -Passing draft assessment order -AO passed final assessment order instead of draft assessment order -Invalid order -Order quashed. [S.92CA(3), 144C(4), 153]