Eaton Industrial Systems Pvt. Ltd. vs DCIT

Whether the draft assessment order passed by the Assessing Officer under section 143(3) r.w.s. 144C(1) of the Income Tax Act 1961, which crystallized demand and initiated penalty proceedings, is valid and in compliance with the mandatory procedure under section 144C of the Act --- Held No, the order is void ab initio as it violates the mandatory procedure under section 144C of the Act.