TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>CBDT Allows I-T Officers to Cancel Redundant Protective Assessments Beyond Section 154(7) Time Limit to Ease Assessee Hardship.</h1> The circular issued by the Central Board of Direct Taxes authorizes Income-tax Officers to take action under section 154 beyond the time limit specified in section 154(7) for cancelling protective assessments that have become redundant. This action is necessary when the same income is assessed as a protective measure in multiple hands or assessment years, and some assessments become final. The Board permits waiving the time limit to alleviate hardship for affected assessees. Income-tax Officers must report any relaxation of the time limit to the Inspecting Assistant Commissioner within one month of the order.
TaxTMI 
TaxTMI 
