The Assessee was selected for scrutiny assessment under CASS parameters involving significant international transactions and transfer pricing risk parameters for A.Y. 2022-23. A draft assessment order proposing a transfer pricing adjustment was issued. The Assessee filed its objections before the jurisdictional assessment order (JAO) instead of the Faceless Assessing Officer, due to inadvertence. Both authorities acknowledged the objections. The FAO passed a final assessment order without waiting for resolution of the jurisdictional question under section 143(3) read with 144C(3) and section 144B. Allowing the writ petition, the Court held that since the Assessee had filed objections within the limitation period, though before the wrong authority, the JAO ought to have conveyed to the Assessee to approach the FAO. The final assessment order was thus quashed and the matter was remanded to the Dispute Resolution Panel with a direction to adjudicate the objections afresh, subject to the taxpayer filing fresh objections within a period of two weeks.(AY. 2022-23)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 144B: Faceless assessment-Objections to draft assessment order-Filed before jurisdictional Assessing Officer instead of Faceless Assessing Officer due to inadvertence-Final assessment order quashed-Matter remanded to Dispute Resolution Panel. [S. 143(3), 144C, Art. 226]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-64688","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gPm","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=64688"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64688\/revisions"}],"predecessor-version":[{"id":64689,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64688\/revisions\/64689"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=64688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=64688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=64688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}