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Case lawITAT › ACIT v Transworld Garnet India Private Limited
ITATHelps taxpayerValidity unconfirmeds.144Cs.144C(1)s.144C(2)s.144C(15)s.292Bs.92CAs.92CA(3)s.153As.263

ACIT v Transworld Garnet India Private Limited

The officer took the TPO's adjustment straight into a final order without giving me a draft order. The department says s.292B cures it. Does it?

The officer took the TPO's adjustment straight into a final order without giving me a draft order. The department says s.292B cures it. Does it?

It does not, on this line of authority. The Tribunal held that once the assessee answers the description of an 'eligible assessee' under s.144C(15)(b) and a variation prejudicial to it is proposed, s.144C(1) is mandatory, and passing the final order without first forwarding a draft is a failure of a jurisdictional condition precedent, not a procedural lapse. Section 292B cures only technical or clerical defects in proceedings otherwise validly initiated and cannot confer a jurisdiction that was never lawfully assumed. The Revenue's alternative plea for a remand to let the officer start again was also rejected: a nullity cannot be revived by remand.

Decided by the ITAT (Manu Kumar Giri, Judicial Member and S.R. Raghunatha, Accountant Member (Chennai Bench 'B')) on 2026-05-04, reported as ITA No. 4142/CHNY/2025 (AY 2018-19). It bears on section 144C, section 144C(1), section 144C(2), section 144C(15), section 292B, section 92CA, section 92CA(3), section 153A, section 263 of the Income Tax Act 1961, in Assessment & Scrutiny, Appeals and Revision & Rectification matters.

Validity check could not be completed. Validity check could not be completed; the order is very recent and no later treatment was searched for. On the wider question the brief asked to be carried both ways: a High Court decision the other way does exist. The Madras High Court (S.M. Subramaniam J) in M/s. Enfinity Solar Solutions Private Limited v. DCIT, W.P. No.31165 of 2018, decided 21 June 2021, held that where the Tribunal had remanded only limited issues, repeating the s.144C procedure "would become an 'empty formality,' which is not intended under the provision", and dismissed the writ petition. That decision was reversed by a Division Bench of the same Court (K.R. Shriram CJ and Sunder Mohan J) in W.A. No.2006 of 2022, decided 24 June 2025, which quashed both the order of 21.06.2021 and the assessment order of 01.11.2018, holding that a remand by the Tribunal does not dispense with the mandatory procedure under s.144C and that an assessment order passed without a draft order "would be vitiated, as it is not a mere irregularity, but is an incurable illegality". The contrary view therefore existed at High Court level for four years and now stands overruled within Madras. No later treatment of the present Tribunal order was searched for; it is very recent. What the material shows is the ARGUMENT being made and rejected — the Revenue's contention here that the omission is a curable procedural irregularity, and, in Avl Technical Centre Pvt. Ltd. v. DCIT (Delhi Bench, ITA No.7705/Del/2019, 11 December 2025), the departmental representative's further contentions that the ground was raised for the first time before the Tribunal and that no fresh draft order was required in a second round after a set-aside. I did not read the Avl Technical Centre order beyond the fragment recording those submissions, and I do not know how that Bench decided. The one-directional line should not be read as meaning the point is never argued the other way.

Why it matters

Three things make this order worth carrying beyond the settled proposition. First, the setting: this was a specified domestic transaction, referred to the TPO after a s.263 revision, assessed under s.153A read with s.263 — the draft order requirement bites there just as it does in an ordinary s.143(3) transfer pricing assessment, because s.144C(15)(b)(i) turns on a variation arising as a consequence of an order of the TPO under s.92CA(3), whatever the assessment provision. Second, the refusal to remand: the Revenue's fallback in these cases is to ask that the matter go back so a draft order can be issued, and the Tribunal held that once the order is void ab initio there is nothing to remit. Third, the record of the other side. The Revenue argued in terms that the omission was a curable procedural irregularity, and in the companion Delhi case the departmental representative added that the ground was raised for the first time before the Tribunal and that no fresh draft order was needed in a second round after a set-aside. Those arguments are alive. The argument has succeeded at High Court level, at least on the second-round question: the Madras High Court in Enfinity Solar Solutions (single Judge, 21 June 2021) called a repeat of the s.144C procedure after a limited remand an "empty formality" and dismissed the writ, before being reversed by the Division Bench on 24 June 2025. Read the Division Bench, but expect the Revenue to run the single Judge's reasoning wherever the remand was partial.

Binding on the AO and CIT(A) within the Tribunal's jurisdiction. Persuasive elsewhere.

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