https://www.taxtmi.com/caselaws?id=12900 Where the assessee's income was varied by more than Rs. 1 lakh and the Income-tax Officer had concurrent jurisdiction with the Inspecting Assistant Commissioner under Section 125A, sub-section (7) of Section 144B did not exclude the reference procedure under Section 144B. The extended limitation period under clause (iv) of Explanation 1 to Section 153(3) was therefore available, so the reference under Section 144B was valid and the assessment was not time-barred. The question was answered in the negative, in favour of the Revenue and against the assessee. en-us Mon, 07 Jan 2002 00:00:00 +0530 Fri, 22 May 2009 18:14:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12900 Where the assessee's income was varied by more than Rs. 1 lakh and the Income-tax Officer had concurrent jurisdiction with the Inspecting Assistant Commissioner under Section 125A, sub-section (7) of Section 144B did not exclude the reference procedure under Section 144B. The extended limitation period under clause (iv) of Explanation 1 to Section 153(3) was therefore available, so the reference under Section 144B was valid and the assessment was not time-barred. The question was answered in the negative, in favour of the Revenue and against the assessee. Case-Laws Income Tax Mon, 07 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12900