AO Must Await DRP Directions Before Final Order: Bombay HC

Sulzer Pumps India Private Limited Vs DCIT (Bombay High Court) Bombay High Court has set aside an assessment order issued to Sulzer Pumps India Private Limited for the Assessment Year 2017-18. The company had challenged the order, arguing that the Assessing Officer (AO) had proceeded to finalize the assessment despite the company having filed a reference with the Dispute Resolution Panel (DRP). Sulzer Pumps contended that under Section 144C(2) of the Income Tax Act, 1961, an assessee has 30 days to file objections with the DRP and inform the AO. The company believed that with the advent of fac...