Section 144A of Income Tax Act for AY 2023-24

Section 144A of Income Tax Act amended by Finance Act 2022 and Income-tax Rules,. Power of Joint Commissioner to issue directions.

Amended and updated notes on section 144A of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Detail discussion on provisions and rules related to power of Joint Commissioner to issue directions in certain cases.

Chapter XIV (Sections 139 to 158) of the Income Tax Act 1961 deals with the provisions related to procedure for assessment. Section 144A of IT Act 1961 provides for power of Joint Commissioner to issue directions in certain cases.

Recently, we have discussed in detail section 144 (Best Judgment Assessment) of IT Act 1961. Today, we learn the provisions of section 144A of Income-tax Act 1961. The amended provision of section 144A is effective for financial year 2022-23 relevant to the assessment year 2023-24.

In this article, you will learn detail of the provisions of section 144A of the Income Tax Act, 1961 Bare Act read with the Income-tax Rules, 1962 as provided by Ministry of Law and Justice, Government of India.

Section-144A: Power of Joint Commissioner to issue directions in certain cases

A Joint Commissioner may, on his own motion or on a reference being made to him by the Assessing Officer or on the application of an assessee, call for and examine the record of any proceeding in which an assessment is pending and, if he considers that, having regard to the nature of the case or the amount involved or for any other reason, it is necessary or expedient so to do, he may issue such directions as he thinks fit for the guidance of the Assessing Officer to enable him to complete the assessment and such directions shall be binding on the Assessing Officer:

Provided that no directions which are prejudicial to the assessee shall be issued before an opportunity is given to the assessee to be heard.

Explanation: For the purposes of this section no direction as to the lines on which an investigation connected with the assessment should be made, shall be deemed to be a direction prejudicial to the assessee.


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