Time-bound decision requirement: orders on taxpayer applications must be issued within a prescribed timeframe; hearing required before rejection. Amendment to section 220(2A) requires that orders accepting or rejecting an assessee's application, in whole or in part, be passed within twelve months ... Summary
Time-bound decision requirement: orders on taxpayer applications must be issued within a prescribed timeframe; hearing required before rejection.
Amendment to section 220(2A) requires that orders accepting or rejecting an assessee's application, in whole or in part, be passed within twelve months from the end of the month the application is received; requires an opportunity of being heard before any rejection; and provides a transitional deadline for disposal of applications pending at commencement.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
