https://www.taxtmi.com/caselaws?id=17427 Section 144A can be invoked during pending Section 144B proceedings to direct enhancement of the gross profit rate, but any prejudicial direction requires the assessee to be given an opportunity of being heard before it is issued. The same direction may also be sustained as a consolidated order under Sections 144B and 144A, provided that this procedural safeguard is observed. The decisive legal point is that concurrent exercise of the two provisions is permissible, but adverse directions remain subject to the statutory hearing requirement. en-us Thu, 24 Jul 1997 00:00:00 +0530 Tue, 22 Sep 2009 13:17:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17427 Section 144A can be invoked during pending Section 144B proceedings to direct enhancement of the gross profit rate, but any prejudicial direction requires the assessee to be given an opportunity of being heard before it is issued. The same direction may also be sustained as a consolidated order under Sections 144B and 144A, provided that this procedural safeguard is observed. The decisive legal point is that concurrent exercise of the two provisions is permissible, but adverse directions remain subject to the statutory hearing requirement. Case-Laws Income Tax Thu, 24 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17427