Dismissing the appeal of the revenue the Court held that the draft assessment order is only a proposed assessment order and there is no demand notice attached to draft assessment order and draft assessment order by itself cannot levy tax on assessee. Revision of draft assessment order is bad in law. (AY. 2010-11)
PCIT v. Apollo Tyres Ltd. (2021) 283 Taxman 388 (Ker.)(HC)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Dispute resolution panel-Draft assessment order-No notice of demand attached-Order cannot be revised-No loss to revenue. [S. 144C]