Strict Adherence to Section 144B: Draft Order and Procedure Essential for Valid Income Tax Assessment.

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....Validity of assessment u/s 144B - it is not just a question of giving an opportunity of hearing and for that purpose, the assessee should have the draft assessment order in his hands but, with the introduction of Section 144B of the Act, 1961, a procedure has been laid down which needs to be scrupulously followed - HC....