Assessment of share brokers: ensure tax returns filed, statutory notices issued, and priority finalisation of assessments. The Board directs monitoring of share brokers so that returns are filed; where returns are not filed, prompt statutory notice is issued; missing subsequent returns are followed up; and where selected for scrutiny, assessments are finalised on a priority basis. Chief Commissioners may set up separate assessment circles or wards for persons connected with the capital market to ensure timely notices, follow-up, and expedited completion of assessments.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Assessment of share brokers: ensure tax returns filed, statutory notices issued, and priority finalisation of assessments.
The Board directs monitoring of share brokers so that returns are filed; where returns are not filed, prompt statutory notice is issued; missing subsequent returns are followed up; and where selected for scrutiny, assessments are finalised on a priority basis. Chief Commissioners may set up separate assessment circles or wards for persons connected with the capital market to ensure timely notices, follow-up, and expedited completion of assessments.
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