https://www.taxtmi.com/caselaws?id=61786 The Appellate Tribunal allowed the revenue's cross-objection by condoning the delay in filing and upheld the validity of the second draft assessment order prepared by the Income-tax Officer. The Tribunal clarified the ITO's authority to revise a draft order during pending assessments, interpreting provisions under sec. 129 of the IT Act. It distinguished a Delhi High Court judgment and affirmed the IAC's competence to issue instructions under sec. 144A while proceedings under sec. 144B are ongoing. The Tribunal rejected the assessee's appeal and restored the case for further consideration on other grounds before the CIT (Appeals). en-us Thu, 06 Oct 1988 00:00:00 +0530 Fri, 14 Jan 2011 18:52:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61786 The Appellate Tribunal allowed the revenue's cross-objection by condoning the delay in filing and upheld the validity of the second draft assessment order prepared by the Income-tax Officer. The Tribunal clarified the ITO's authority to revise a draft order during pending assessments, interpreting provisions under sec. 129 of the IT Act. It distinguished a Delhi High Court judgment and affirmed the IAC's competence to issue instructions under sec. 144A while proceedings under sec. 144B are ongoing. The Tribunal rejected the assessee's appeal and restored the case for further consideration on other grounds before the CIT (Appeals). Case-Laws Income Tax Thu, 06 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61786