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 Circular Allows Penalty Actions Beyond Time Limits for Canceled Assessments Under Income-tax Act, Section 154.</h1> The circular issued by the Central Board of Direct Taxes (CBDT) authorizes actions regarding penalties based on assessments that have been canceled or annulled under the Income-tax Act, 1961. Specifically, it permits actions under section 154 to be taken beyond the time limit set by section 154(7). This authorization is in reference to the substitution of Circular No. 81 dated 6-3-1972 for Circular No. 71 dated 26-3-1972, as mentioned in the Board's Circular No. 87.
TaxTMI 
TaxTMI 
