Income Tax Assessment Void Without Draft Order for Non-Residents: ITAT Delhi:

ITO Vs Sneh Sharma (ITAT Delhi) Tribunal Confirms Relief: Skipping 144C Procedure Renders Assessment Void- Draft Order Mandatory for NRIs – ITAT Delhi Protects Assessee from Invalid Assessments Revenue filed six appeals against orders of CIT(A) relating to reassessments framed u/s 147 r.w.s. 144. At the outset, Tribunal noted that four appeals (AYs 2012-13, 2013-14, 2014-15 & 2016-17) involved tax effect below the CBDT monetary limit of Rs.60 lakhs. Revenue attempted to invoke Exception 3.1(a) of Circular 5/2024 dated 15.03.2024, but Tribunal held that no constitutional or legal issue ar...