Interest u/s 234C to be Calculated on Tax Due as Per Returned Income: ITAT

Validity of Final Assessment Order Despite Pending DRP Objections: Delhi HC Sets Aside the Order The Delhi High Court set aside a final assessment order under Section 144C of the Income Tax Act, ruling that the Assessing Officer (AO) cannot issue the order while objections are still pending before the Dispute Resolution Panel (DRP). The Court clarified that the AO must wait for the DRP's decision before proceeding with the final order. The ruling aims to ensure that taxpayers' rights to challenge assessments are respected, particularly in cases where there are unresolved objections. This decision is crucial for maintaining fairness in the tax assessment process.