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of <h1>New Circular Requires Consultation for Ex Parte Tax Assessments Over 1 Lakh u/s 144 of Income-tax Act.</h1> The circular addresses the issue of tax arrears resulting from ex parte assessments under Section 144 of the Income-tax Act, 1961, which are often deemed excessive. The Board mandates that before finalizing such assessments where the income addition is one lakh rupees or more, the Income-tax Officer must consult with the Inspecting Assistant Commissioner. This measure aims to ensure more reasonable assessments. Instructions reflecting this directive should be communicated to all relevant officers.
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