https://www.taxtmi.com/circulars?id=10395 Section 144B empowers the Inspecting Assistant Commissioner to issue pre-assessment directions where proposed additions or disallowances in a draft assessment exceed a Board fixed threshold; the Income tax Officer must serve a draft order, the assessee may object within seven days (with a limited extension), objections are forwarded to the Inspecting Assistant Commissioner who examines records, gives a hearing if directions would be prejudicial, and issues directions that are binding on the Income tax Officer. The Board may fix and vary the monetary threshold and set different amounts by area. en-us Wed, 24 Dec 1975 00:00:00 +0530 Fri, 17 Jun 2011 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10395 Section 144B empowers the Inspecting Assistant Commissioner to issue pre-assessment directions where proposed additions or disallowances in a draft assessment exceed a Board fixed threshold; the Income tax Officer must serve a draft order, the assessee may object within seven days (with a limited extension), objections are forwarded to the Inspecting Assistant Commissioner who examines records, gives a hearing if directions would be prejudicial, and issues directions that are binding on the Income tax Officer. The Board may fix and vary the monetary threshold and set different amounts by area. Circulars Income Tax Wed, 24 Dec 1975 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10395