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<h1>Board Urges Speedy Provisional Assessments u/s 7 of Companies Surtax Act to Meet Fiscal Goals by March 31.</h1> The Board has observed delays in completing provisional assessments under Section 7 of the Companies (Profits) Surtax Act, 1964, even when regular assessments are expected to be prolonged. Provisional assessments can be completed without the returns of chargeable profits after the deadline for filing returns. Officers are instructed to expedite provisional assessments in cases where regular assessments cannot be finished by the fiscal year's end, aiming to collect the demand by March 31, 1979, to boost budget collections. Future assessments should follow this protocol, and a report on actions taken must be submitted by December 20, 1978.