Section 144B of ITA, 1961 : Section 144B: [Omitted]

Explanation using Example

Imagine a scenario where a taxpayer, Mr. Gupta, was dealing with an income tax assessment for the financial year 1987-88. During this time, Section 144B of the Income-tax Act, 1961 would have been in effect, which involved the reference to a Deputy Commissioner in certain cases for scrutiny of the assessment made by the Income Tax Officer.

However, after the amendment by the Direct Tax Laws (Amendment) Act, 1987, which came into effect on April 1, 1989, this section was omitted. So, if Mr. Gupta were to face an assessment for the financial year 1989-90, the procedure that was previously under Section 144B would no longer apply. Instead, his assessment would be processed under the revised provisions of the Income-tax Act, 1961, which no longer required reference to a Deputy Commissioner in the same manner as before.