https://www.taxtmi.com/caselaws?id=18548 The High Court of Kerala upheld the Tribunal's decision regarding the validity of the assessment made on the modified draft order for the assessment year 1980-81. The court clarified that there was no second draft assessment order as perceived by the parties, affirming the Department's position over the assessee's objections. The judgment emphasized the importance of flexibility in interpreting statutory provisions related to draft assessments and modifications, ensuring a fair opportunity for objections and a clear process for assessment under sections 144A and 144B of the Income-tax Act, 1961. en-us Fri, 02 Feb 1996 00:00:00 +0530 Thu, 01 Oct 2009 15:44:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18548 The High Court of Kerala upheld the Tribunal's decision regarding the validity of the assessment made on the modified draft order for the assessment year 1980-81. The court clarified that there was no second draft assessment order as perceived by the parties, affirming the Department's position over the assessee's objections. The judgment emphasized the importance of flexibility in interpreting statutory provisions related to draft assessments and modifications, ensuring a fair opportunity for objections and a clear process for assessment under sections 144A and 144B of the Income-tax Act, 1961. Case-Laws Income Tax Fri, 02 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18548