Completion deadline for Super Profits Tax assessments ordered; surtax assessments lack a prescribed time limit now. Board requires expedited completion of all pending assessments under the Super Profits Tax Act, 1963 by 31st March, 1973, observes the Surtax Act, 1964 ... Summary
Completion deadline for Super Profits Tax assessments ordered; surtax assessments lack a prescribed time limit now.
Board requires expedited completion of all pending assessments under the Super Profits Tax Act, 1963 by 31st March, 1973, observes the Surtax Act, 1964 prescribes no time limit for assessments, and directs issuance of instructions to Income Tax officers to ensure disposal in accordance with these timelines.
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