Finance Bill, 2020 which proposes to make issuance of draft assessment orders in case of eligible assessees mandatory even when there is no variation in income or loss returned by assessee, is applicable with effect from 1-4-2020, therefore, so far as period prior to 1-4-2020 is concerned, cases in which no variations in returned income or loss were proposed, draft assessment orders were not required to be issued. (AY. 2014-15)
IPF India Property Cyprus (No. 1) Ltd. v. DCIT (2020) 183 ITD 46/ 193 DTR 337 / 207 TTJ 449 (Mum.)(Trib.)
S. 144C : Reference to dispute resolution panel-In respect of period prior to 1-4-2020 cases in which no variations in returned income or loss were proposed, draft assessment orders were not required to be issued. [S. 92C]