Friday, March 6, 2020

AO can pass draft assessment order in absence of variation in returned income only after 01-04-2020: ITAT

INCOME TAX/ILT : In view of amendment in Finance Bill, 2020, it is beyond any doubt of controversy that so far as period prior to 1-04-2020 is concerned, in case of an eligible assessee, draft assessment order under section 143(3), read with section 144C(1) is not required to be passed in cases in which no variation in returned income or loss is proposed

from www.taxmann.com Latest Case Laws https://ift.tt/2POAmij
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