Practical Accounts And Taxation
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Rejecting an application of objections to draft assessment order passed by DRP, due to belated filing, cannot be equated with a direction coming within meaning of sub-section (5) of section 144C.Hence, assessment order has to be passed in terms of sub-section (4) of section 144C i.e. within one month from end of month when period of 'filing of objections' under sub-section (2) of section 144C expires.
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