Order passed against shipping Co. under sec. 172 is covered by Scheme of DRP provisions

IT/ILT : An order computing the taxable income is essentially an assessment order, therefore, any order passed under section 172(4) is also an assessment order. Since Assessing Officer failed to pass draft assessment order under section 172(4) as required under the DRP provisions contained under section 144C, Assessing Officers's order was null and void. Order under section 172(4) is an 'assessment order' so as to make DRP provisions under section 144C applicable.