1998 (3) TMI 83

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..... the assessees, two partners of the firm, for the assessment year 1979-80 are as under : "1. Whether the Appellate Tribunal was right in holding that the reference made to the Inspecting Assistant Commissioner in the circumstances of the case was strictly in compliance with and as required by the provisions of section 144B(1) of the Act ? 2. Whether the Appellate Tribunal was right in holding .....

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..... ursuant to the directions given by the Inspecting Assistant Commissioner, the assessment was completed on April 8, 1982. The assessees contended that the assessment so made is barred by limitation, and that the period between the date on which the draft order was forwarded to the assessees and the date on which directions were given by the Inspecting Assistant Commissioner was not liable to be i .....

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..... required to act in accordance with the requirement of section 144B. Section 153 which deals with the time limit for completion. of assessment and reassessment is clearly applicable to the assessment made after making a reference to the Inspecting Assistant Commissioner under section 144B. In a case where such reference is made, as provided in Explanation 1(iv) the period specified therein is requ .....

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