Bombay High Court Quashes Assessment Orders in Income Tax Case Due to Wrongful Invocation of Section 144C — No Variation by TPO Means Assessee Not an 'Eligible Assessee'. The court held that the Assessing Officer lacked jurisdiction to pass a Draft Assessment Order under Section 144C when the Transfer Pricing Officer made no variation, as the assessee did not fall within the definition of 'eligible assessee' under Section 144C(15) of the Income Tax Act, 1961.
9 Sep 2025The Petitioner, Classic Legends Pvt Ltd, filed a Writ Petition before the Bombay High Court challenging a Draft Assessment Order dated 8 March 2025 an...
