https://www.taxtmi.com/caselaws?id=12948 Once a draft assessment order is approved under section 144B of the Income-tax Act, the Assessing Officer must complete the final assessment in conformity with that approval and any binding directions, and cannot independently vary the approved treatment of the loss. The lower appellate authority correctly held that the assessment could not be altered after approval, while the Tribunal erred in directing a de novo assessment. The issue was answered in favour of the assessee and against the Revenue. en-us Fri, 07 Sep 2001 00:00:00 +0530 Mon, 25 May 2009 15:00:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12948 Once a draft assessment order is approved under section 144B of the Income-tax Act, the Assessing Officer must complete the final assessment in conformity with that approval and any binding directions, and cannot independently vary the approved treatment of the loss. The lower appellate authority correctly held that the assessment could not be altered after approval, while the Tribunal erred in directing a de novo assessment. The issue was answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Fri, 07 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12948