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Bombay HC Quashes Assessment for Failure to Issue Section 144C Draft Order
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AdvertisementDanfoss Fluid Power Private Limited Vs Union of India & Other (Bombay High Court) The Bombay High Court considered a writ petition challenging the final assessment order dated 28 March 2025 passed by the Assessing Officer.
The petitioner contended that it was an eligible assessee under Section 144C(15) of the Income-tax Act, 1961, and that the Assessing Officer had passed a final assessment order without first issuing a draft assessment order as mandated by Section 144C(1).
The petitioner had entered into share purchase agreements with Eaton Technologies Private Limited, India and ETN Hold...