TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>CBDT Circular Urges Avoidance of High-Pitched Tax Assessments; Calls for Timely Appeal Hearings and Monitoring Progress.</h1> The circular from the Central Board of Direct Taxes (CBDT) addresses the issue of large tax demands being stayed by departmental authorities. A study of 240 cases revealed that most demands were stayed due to disputes (93.57%), financial difficulties (3.07%), or pending settlements (3.36%). High-pitched assessments were a significant factor, with 41.7% involving miscellaneous additions. The circular advises avoiding such assessments and encourages early hearings for appeals to expedite resolution. It emphasizes the need for oversight by Inspecting Assistant Commissioners and urges constant monitoring of appeal progress to ensure timely tax recovery.
TaxTMI 
TaxTMI 
