Bombay HC Quashes Assessment as Mandatory Draft Assessment Order Was Not Issued

Multiplier Brand Solutions Pvt Ltd. Vs Additional Joint Deputy Assistant Commissioner of Income Tax Officer & Ors (Bombay High Court) The petitioner challenged the assessment order dated 13.05.2021 on the ground that the respondents had not issued the mandatory draft assessment order required under Section 144B(1)(xvi)(b) of the Income-tax Act, 1961. In the affidavit in reply affirmed on 02.08.2021, the respondents admitted that no draft assessment order had been issued. They contended that the assessment unit had reported that, since the Risk Unit had not indicated that a show-cause notic...