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Assessment of political parties: all returns to be examined under section 143(3), standardising scrutiny procedure across cases. The Board directs that all assessments of political parties, whether returns are voluntary or in response to notice, shall be made under section 143(3) of the Income-tax Act, 1961, applying to pending returns for which a statutory notice under section 143(2) can now be issued and to returns received in future.
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Provisions expressly mentioned in the judgment/order text.
Assessment of political parties: all returns to be examined under section 143(3), standardising scrutiny procedure across cases.
The Board directs that all assessments of political parties, whether returns are voluntary or in response to notice, shall be made under section 143(3) of the Income-tax Act, 1961, applying to pending returns for which a statutory notice under section 143(2) can now be issued and to returns received in future.
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