Inspecting Assistant Commissioner directions binding on assessing officers after draft-order and objection procedure protects assessee hearing rights. Sections 144A and 144B authorize the Inspecting Assistant Commissioner to examine records of pending assessments and issue binding directions to Income-tax Officers to guide completion of assessments; prejudicial directions require an opportunity to be heard. Where a proposed prejudicial variation exceeds a Board-fixed threshold, the Income-tax Officer must send a draft order to the assessee, allow a short period for objections or acceptance, and, if objections are filed, refer the draft and objections to the Inspecting Assistant Commissioner whose considered directions on the objections are binding.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Inspecting Assistant Commissioner directions binding on assessing officers after draft-order and objection procedure protects assessee hearing rights.
Sections 144A and 144B authorize the Inspecting Assistant Commissioner to examine records of pending assessments and issue binding directions to Income-tax Officers to guide completion of assessments; prejudicial directions require an opportunity to be heard. Where a proposed prejudicial variation exceeds a Board-fixed threshold, the Income-tax Officer must send a draft order to the assessee, allow a short period for objections or acceptance, and, if objections are filed, refer the draft and objections to the Inspecting Assistant Commissioner whose considered directions on the objections are binding.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
