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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>CBDT Circular: Inspectors to Handle Summary Assessments for Non-Company Cases with Income Up to Rs. 25,000 u/s 143(1.</h1> The circular from the Central Board of Direct Taxes (CBDT) dated September 3, 1980, addresses changes in the process of summary assessments following amendments to the Finance Act, 1980. The amendments remove the authority of Income Tax Officers (ITOs) to make certain adjustments in assessments under section 143(1). The circular clarifies that Inspectors of Income Tax will now be empowered to handle summary assessments for non-company cases with income up to Rs. 25,000, excluding loss declarations. This delegation aims to reduce workload on ITOs and expedite the disposal of assessments. The scheme will initially be implemented at stations with Commissioner headquarters, with specific Inspectors assigned to these tasks. The success of this initiative depends on the cooperation and diligence of the involved tax officials.
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