https://www.taxtmi.com/caselaws?id=192250 The Tribunal held that there is no legal bar for the Income-tax Officer (ITO) to send a second draft assessment order under section 144B of the Income-tax Act, 1961. The Tribunal affirmed the ITO's authority to issue a second draft assessment order and the Inspecting Assistant Commissioner's (IAC) power to issue a second set of directions. The Tribunal disagreed with the Delhi High Court's decision limiting the ITO to one draft order, emphasizing the ITO's jurisdiction to conduct further inquiries and issue subsequent draft orders until the final assessment is completed. The judgment favored the revenue, allowing the ITO to proceed with the second draft assessment order and the IAC to issue additional directions. en-us Wed, 13 Sep 1989 00:00:00 +0530 Mon, 22 May 2017 12:31:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192250 The Tribunal held that there is no legal bar for the Income-tax Officer (ITO) to send a second draft assessment order under section 144B of the Income-tax Act, 1961. The Tribunal affirmed the ITO's authority to issue a second draft assessment order and the Inspecting Assistant Commissioner's (IAC) power to issue a second set of directions. The Tribunal disagreed with the Delhi High Court's decision limiting the ITO to one draft order, emphasizing the ITO's jurisdiction to conduct further inquiries and issue subsequent draft orders until the final assessment is completed. The judgment favored the revenue, allowing the ITO to proceed with the second draft assessment order and the IAC to issue additional directions. Case-Laws Income Tax Wed, 13 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192250