https://www.taxtmi.com/caselaws?id=16798 Section 144B was held applicable where the Income-tax Officer had concurrent jurisdiction with the Inspecting Assistant Commissioner under section 125A and proposed a variation exceeding the statutory threshold. The draft assessment procedure was therefore properly adopted, and the extended time for completing the assessment remained available. The Tribunal was held wrong to treat the assessment as bad in law or time-barred, and the reference was answered in favour of the Revenue. en-us Mon, 29 Sep 1997 00:00:00 +0530 Sat, 12 Sep 2009 12:53:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16798 Section 144B was held applicable where the Income-tax Officer had concurrent jurisdiction with the Inspecting Assistant Commissioner under section 125A and proposed a variation exceeding the statutory threshold. The draft assessment procedure was therefore properly adopted, and the extended time for completing the assessment remained available. The Tribunal was held wrong to treat the assessment as bad in law or time-barred, and the reference was answered in favour of the Revenue. Case-Laws Income Tax Mon, 29 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16798