Section 144C was inserted by the Finance Act, 2009 w.e.f. from 01 April 2009. Section 144C(1) provides that on or after 01 October 2009 the AO shall issue draft assessment order in case of eligible assessee. The taxpayer can file objections before the DRP against the proposed draft order within 30 days from receipt of […]
FACELESS ASSESSMENT AND PRINCIPLES OF NATURAL JUSTICE
Section 144B(1) provides that the assessment under section 143(3) or under section 144, shall be made in a faceless manner as per the procedure prescribed in section 144B. Provisions of section 144B override other provisions of the Income Tax Act. Section 144B(1) lays down detailed procedure for making the assessment. Many issues relating to principles […]