https://www.taxtmi.com/caselaws?id=434825 Section 144C can be invoked only where the Assessing Officer proposes a variation in returned income or loss prejudicial to the assessee. Where the assessment involved no change in returned income or loss and only a different tax rate on the same income, that jurisdictional condition was not met. As a result, the extended time limit linked to section 144C could not be used, and the assessment had to be completed within the normal period under section 153(1). The order having been passed beyond that period, it was treated as time-barred and invalid. en-us Thu, 02 Mar 2023 00:00:00 +0530 Fri, 03 Mar 2023 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434825 Section 144C can be invoked only where the Assessing Officer proposes a variation in returned income or loss prejudicial to the assessee. Where the assessment involved no change in returned income or loss and only a different tax rate on the same income, that jurisdictional condition was not met. As a result, the extended time limit linked to section 144C could not be used, and the assessment had to be completed within the normal period under section 153(1). The order having been passed beyond that period, it was treated as time-barred and invalid. Case-Laws Income Tax Thu, 02 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434825