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of <h1>New Sections 144A & 144B in Income-tax Act: Enhanced Oversight & Draft Assessment Order Process Explained</h1> Sections 144A and 144B have been added to the Income-tax Act, 1961, through the Taxation Laws (Amendment) Act, 1975. Section 144A empowers the Inspecting Assistant Commissioner to issue binding directions to the Income-tax Officer during pending assessments, provided they are not prejudicial to the assessee without a hearing. Section 144B requires the Income-tax Officer to forward a draft assessment order to the assessee if proposed variations exceed a Board-fixed amount. The assessee can object, leading the Inspecting Assistant Commissioner to issue binding directions after considering objections. The Board may set different variation amounts for different areas.
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