Power to rescind requires written reasons and a fair opportunity to show cause before withdrawing tax notifications or orders. Power to rescind is conferred on the Central Government, the Board, and income tax authorities to withdraw any notification, approval or order issued ... Summary
Power to rescind requires written reasons and a fair opportunity to show cause before withdrawing tax notifications or orders.
Power to rescind is conferred on the Central Government, the Board, and income tax authorities to withdraw any notification, approval or order issued under the Code, provided reasons for rescission are recorded in writing and the assessee is given a reasonable opportunity to show cause against the proposed withdrawal.
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