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<h1>Board Instructs Deferral of Political Party Tax Assessments Pending New Guidelines Under Income Tax Act, 1961.</h1> The an instruction from the Board regarding the assessment of political parties under the Income Tax Act, 1961. It emphasizes the need for uniformity in these assessments and indicates that general guidelines are being developed. Until these guidelines are issued, Income Tax Officers are instructed to defer finalizing assessments of political parties unless there are time constraints that necessitate immediate action. This directive aims to ensure consistency and fairness in the assessment process across all political entities.