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of <h1>Section 144BA requires Assessing Officers to refer tax avoidance arrangements to higher authorities for approval</h1> Section 144BA of the Income Tax Act establishes procedures for referring impermissible avoidance arrangements to higher authorities. When an Assessing Officer identifies potential tax avoidance arrangements, they may refer the matter to the Principal Commissioner or Commissioner. The Commissioner issues a notice to the taxpayer providing sixty days to object. If unsatisfied with the taxpayer's response, the matter proceeds to an Approving Panel comprising three members including a High Court judge. The Panel must issue binding directions within six months, with no appeals permitted. Assessment orders involving tax avoidance consequences require prior approval from the Principal Commissioner or Commissioner.
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