Rectification of wealth-tax assessments: require simultaneous rectification with income-tax when share income is revised to ensure compliance. Assessing officers must use the register for rectification of provisional share income to ensure that whenever returned share income is provisionally included in assessed income, the Income-tax assessment and the wealth-tax assessment are rectified simultaneously; all actions must be recorded in the order sheet and actively followed up, with supervisory attention to any lapses.
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Rectification of wealth-tax assessments: require simultaneous rectification with income-tax when share income is revised to ensure compliance.
Assessing officers must use the register for rectification of provisional share income to ensure that whenever returned share income is provisionally included in assessed income, the Income-tax assessment and the wealth-tax assessment are rectified simultaneously; all actions must be recorded in the order sheet and actively followed up, with supervisory attention to any lapses.
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