https://www.taxtmi.com/caselaws?id=5582 The SC held that an assessee's right to file a revised return under the Income Tax Act must be exercised before the draft assessment order is made in cases where section 144B applies. Once the Income-tax Officer completes the assessment process and makes a draft order for referral to the Inspecting Assistant Commissioner as required under section 144B, permitting a revised return would create duplication of work and multiplicity of proceedings, which is not permissible under the statutory framework. en-us Tue, 24 Sep 1996 00:00:00 +0530 Thu, 08 May 2025 17:07:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5582 The SC held that an assessee's right to file a revised return under the Income Tax Act must be exercised before the draft assessment order is made in cases where section 144B applies. Once the Income-tax Officer completes the assessment process and makes a draft order for referral to the Inspecting Assistant Commissioner as required under section 144B, permitting a revised return would create duplication of work and multiplicity of proceedings, which is not permissible under the statutory framework. Case-Laws Income Tax Tue, 24 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5582