Time-limit for wealth-tax assessments: pending cases must be completed within the specified period or obtain prior approval. The Board directs that all pending wealth-tax assessments must be completed within four years of the end of the assessment year and that any assessment kept pending beyond this period requires specific prior approval; before according approval officers must satisfy themselves about adequacy of reasons for non-completion and take steps to ensure early completion.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Time-limit for wealth-tax assessments: pending cases must be completed within the specified period or obtain prior approval.
The Board directs that all pending wealth-tax assessments must be completed within four years of the end of the assessment year and that any assessment kept pending beyond this period requires specific prior approval; before according approval officers must satisfy themselves about adequacy of reasons for non-completion and take steps to ensure early completion.
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