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| The Tax Publishers2020 TaxPub(DT) 3204 (Del-Trib) INCOME TAX ACT, 1961
Section 144C
Draft order framed under section 144C(1) in the name of non-existent company was void ab initio, making all subsequent proceedings non-est.
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Assessment - Transfer pricing - Framing of draft order in the name of non- existent entity -
TPO framed order under section 92CA(3) in the name of amalgamated entity, i.e., BIPL, i.e., assessee. However, AO framed draft assessment order under section 144C in the name of non-existent amalgamated company, i.e., BICIPL. Held: Draft order framed under section 144C(1) in the name of non-existent company was void ab initio, making all subsequent proceedings non-est.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. :
INCOME TAX ACT, 1961
Section 92C
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