Facts of the Case Date Events 30.10.2018 The TPO passed proposing adjustment of Rs 11.92 crores 03.12.2018 Draft Assessment order was passed by the AO 14.12.2018 The Assessee filed a Letter before the AO he it in the process of filing objections before DRP and requested the AO not to pass the final assessment order. […]
FINAL ASSESSMENT ORDER PASSED SANS DRP DIRECTION INVALID
Section 144C was inserted by the Finance Act, 2009 w.e.f. from 01 April 2009. Section 144C(1) provides that on or after 01 October 2009 the AO shall issue draft assessment order in case of eligible assessee. The taxpayer can file objections before the DRP against the proposed draft order within 30 days from receipt of […]
WHETHER DRP CAN CONDONE THE DELAY IN FILING OBJECTIONS BY THE ASSESSEE
Section 144C was inserted by the Finance Act, 2009 w.e.f. from 01 April 2009. Section 144C(1) provides that on or after 01 October 2009 the AO shall issue draft assessment order in case of eligible assessee. The taxpayer can file objections before the DRP against the proposed draft order within 30 days from receipt of […]
SECTION 144C AND POWER OF AO POST DIRECTIONS BY DRP
Section 144C was inserted by the Finance Act, 2009 w.e.f. from 01 April 2009. Section 144C(1) provides that on or after 01 October 2009 the AO shall issue draft assessment order in case of eligible assessee. The taxpayer can file objections before the DRP against the proposed draft order. Under sub-s (5), the DRP can […]
VALIDITY OF TP PROCEEDINGS POST ASSESSMENT ORDER
Section 92CA provides that the AO may refer a case to the TPO if the taxpayer has entered into international transactions or SDT and the AO considers it necessary or expedient so to do. While making a reference, the AO has to take prior approval of the Commissioner. The reference to TPO shall be for […]