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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>CBDT Circular Reaffirms Consultation Requirement for High-Pitched Assessments Over Rs.1 Lakh u/s 144 of Income Tax Act.</h1> The circular from the Central Board of Direct Taxes (CBDT), dated September 28, 1981, addresses the procedure for high-pitched assessments under Section 144 of the Income Tax Act. It references a decision from a 1980 conference of Commissioners of Income Tax, emphasizing that before making an ex-parte assessment of Rs.1 lakh or more, the Income Tax Officer (ITO) should consult with the Inspecting Assistant Commissioner (IAC). The board has decided to maintain the existing instructions from 1976, which require such consultation, and no new instructions will be issued.
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