Section 144C reference to DRP applies to:
AOnly company assessees (per relevant Section)
BAll
CEligible assessees (foreign company, TP variation)
DAll tax audit cases
Answer & Solution
Correct answer: C. Eligible assessees (foreign company, TP variation)
1. Section 144C: AO must forward DRAFT order to 'eligible assessee' (foreign company or assessee with TP variation).
2. Eligible assessee may accept or file objections within 30 days; DRP issues directions in 9 months.
3. After DRP directions, AO completes final assessment in 1 month.
_Source: ICAI BoS CA Final Paper 7, Ch 15 "Assessment Procedure"_
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