Tax assessment coordination: require consultation of other tax records and office note to prevent escape of income. Assessing officers must coordinate Income-tax and corresponding other direct tax assessments (notably Wealth-tax), completing them simultaneously where feasible; if not feasible, officers must peruse the other tax records before making an assessment to note and verify relevant points. An office note beneath the assessment order must record that relevant other-tax records were consulted and that simultaneous assessment or cross-notes have been taken/kept.
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.
Tax assessment coordination: require consultation of other tax records and office note to prevent escape of income.
Assessing officers must coordinate Income-tax and corresponding other direct tax assessments (notably Wealth-tax), completing them simultaneously where feasible; if not feasible, officers must peruse the other tax records before making an assessment to note and verify relevant points. An office note beneath the assessment order must record that relevant other-tax records were consulted and that simultaneous assessment or cross-notes have been taken/kept.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
