https://www.taxtmi.com/caselaws?id=295398 Section 144C(1) applied only where the Assessing Officer proposed a prejudicial variation in the returned income or loss; where no such variation was made, a draft assessment order could not validly be issued. The later amendment expanding section 144C operated prospectively from 1 April 2020 and did not apply to the period in question. An invalid draft order could not extend the statutory time limit for completing assessment under section 143(3), so the final assessment made after the original limitation period was time barred. en-us Tue, 25 Feb 2020 00:00:00 +0530 Mon, 08 May 2023 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295398 Section 144C(1) applied only where the Assessing Officer proposed a prejudicial variation in the returned income or loss; where no such variation was made, a draft assessment order could not validly be issued. The later amendment expanding section 144C operated prospectively from 1 April 2020 and did not apply to the period in question. An invalid draft order could not extend the statutory time limit for completing assessment under section 143(3), so the final assessment made after the original limitation period was time barred. Case-Laws Income Tax Tue, 25 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295398