Once assessment order is passed Dispute Resolution Panel not empowered to give direction

Undercarriage and Tractor Parts Pvt. Ltd. Vs Dispute Resolution Panel (Bombay High Court) Bombay High Court held that Dispute Resolution Panel (DRP) could give directions only in pending assessment proceedings. Once assessment order is passed, DRP has not power to pass any direction. Facts- Petitioner filed its return of income declaring loss of Rs. 11,69,32,126/-. Petitioner’s return of income was selected for scrutiny under CASS, and respondent issued a notice u/s. 143(2). In view of the international transactions and domestic transactions with AE, respondent referred the petitioner...