Order passed in variation of procedures prescribed u/s 144B is non-est and bad-in-law

Carrier Technologies India Limited Vs DCIT (ITAT Mumbai) ITAT Mumbai held that the assessment order passed in variation of the procedures prescribed u/s. 144B of the Income Tax Act would render the assessment order as non est. Facts- The assessee’s case was selected for scrutiny and the assessment order u/s. 143(3) r.w.s. 144C of the Act dated 28.02.2022 was passed, where the A.O. determined the total income at Rs.16,80,09,929/-, as against the loss of Rs.26,34,96,140/-, declared by the assessee in its return of income and made the transfer pricing adjustment of Rs.5,77,09,121/- pursuant to ...