Reference to TPO was invalid if no incriminating material was found during search proceedings

IT/ILT: Where Assessing Officer passed draft assessment orders which were served on assessee on 22-11-2011 and, thereupon, DRP having considered assessee's objections, dispatched its directions to assessee on 16-8-2012, it was to be concluded that impugned draft order had been passed in confirmity with provisions of section 144C(12) and, it could not be held barred by limitation merely on ground that DRP had issued those directions to Assessing Officer after expiry of prescribed time period i.e.