Application of section 144B to assessments and reassessments requires draft orders and timely IAC reference to avoid limitation. Reassessments reopened under the reassessment provision fall within the scope of the draft-order mechanism; the assessing officer must forward a draft order to the assessee and, where necessary, to the IAC when proposed variations exceed the Board's monetary threshold, and timely reference to the IAC is required so assessments or reassessments are completed within the ordinary limitation period without excluding the excluded period.
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.
Application of section 144B to assessments and reassessments requires draft orders and timely IAC reference to avoid limitation.
Reassessments reopened under the reassessment provision fall within the scope of the draft-order mechanism; the assessing officer must forward a draft order to the assessee and, where necessary, to the IAC when proposed variations exceed the Board's monetary threshold, and timely reference to the IAC is required so assessments or reassessments are completed within the ordinary limitation period without excluding the excluded period.
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