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<h1>Board of Direct Taxes Urges Swift Completion of Income Tax Assessments u/s 143(3) by December 31, 1972.</h1> The circular issued by the Board of Direct Taxes outlines instructions for the completion of income tax assessments under Section 143(3) of the Income Tax Act, 1961. It emphasizes the prompt completion of pending scrutiny cases by December 31, 1972, especially for revenue-yielding cases. It provides guidelines for handling assessments of firms and their partners, ensuring coordination between scrutiny and non-scrutiny circles. The circular also addresses reassessment cases under Section 147 and selective scrutiny cases, assigning them to scrutiny officers. Additionally, it allows for professional cases and connected cases of Hindu Undivided Families (HUFs) to be assigned to scrutiny officers for detailed investigation.