https://www.taxtmi.com/caselaws?id=307815 Where no variation in returned income or loss was proposed, the draft assessment procedure under section 144C(1) was inapplicable, so the assessment had to be completed within the ordinary limitation period under section 153. A draft assessment order issued later could not enlarge that statutory time limit. On those facts, the final assessment order passed after expiry of the prescribed period was time barred and quashed, with the issue decided in favour of the assessee. en-us Mon, 05 Apr 2021 00:00:00 +0530 Tue, 09 May 2023 21:17:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307815 Where no variation in returned income or loss was proposed, the draft assessment procedure under section 144C(1) was inapplicable, so the assessment had to be completed within the ordinary limitation period under section 153. A draft assessment order issued later could not enlarge that statutory time limit. On those facts, the final assessment order passed after expiry of the prescribed period was time barred and quashed, with the issue decided in favour of the assessee. Case-Laws Income Tax Mon, 05 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307815