https://www.taxtmi.com/caselaws?id=16210 Section 144B's draft assessment procedure is attracted whenever the proposed variation exceeds the prescribed limit, regardless of the source or nature of the addition, and the Assessing Officer must follow that procedure. Where a reference is made under section 144B, the time spent in that process is excluded under Explanation 1(iv) to section 153 when computing limitation. On that basis, an assessment completed after the ordinary limitation period remained within time because the statutory exclusion applied, rendering the assessments valid and timely. en-us Thu, 19 Mar 1998 00:00:00 +0530 Tue, 01 Sep 2009 18:01:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16210 Section 144B's draft assessment procedure is attracted whenever the proposed variation exceeds the prescribed limit, regardless of the source or nature of the addition, and the Assessing Officer must follow that procedure. Where a reference is made under section 144B, the time spent in that process is excluded under Explanation 1(iv) to section 153 when computing limitation. On that basis, an assessment completed after the ordinary limitation period remained within time because the statutory exclusion applied, rendering the assessments valid and timely. Case-Laws Income Tax Thu, 19 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16210