Failure to Follow Mandatory Draft Assessment Invalidates Final Assessment Order

Sinogas Management PTE LTD Vs DCIT (Delhi High Court) In a recent judgment, the Delhi High Court found itself in the midst of a dispute between Sinogas Management PTE. Ltd. and the Deputy Commissioner of Income Tax (DCIT). The central issue at hand was the failure to adhere to the mandatory requirement of Section 144C(1) of the Income Tax Act, 1961. This failure had significant implications for the final assessment order issued by the DCIT. The Court was tasked with determining whether this failure invalidated the assessment order and the consequential demand notice and penalty proceedings. B...