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Assessment u/s144.

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....ference is invited to para 7.08 of the minutes of the conference of CsIT held in May 1980 at New Delhi wherein while considering the ways and means for reduction of tax arrears it was decided as under....

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....sessment u/s.144 is Rs.1 lakh or more the ITO should discuss it with the IAC before finalising the assessment. It has been decided that no further instructions need be issued in pursuance of the minut....