Statutory time limits for interest tax assessments must be enforced, completing them alongside income tax assessments to avoid delays. The Board directs Commissioners of Income Tax to identify pending assessments under the Interest Tax Act, 1974 and ensure they are completed within the statutory time limit applicable to assessments under the I.T. Act, 1961, and, where possible, to finalise Interest Tax assessments alongside Income tax assessments to avoid delays.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Statutory time limits for interest tax assessments must be enforced, completing them alongside income tax assessments to avoid delays.
The Board directs Commissioners of Income Tax to identify pending assessments under the Interest Tax Act, 1974 and ensure they are completed within the statutory time limit applicable to assessments under the I.T. Act, 1961, and, where possible, to finalise Interest Tax assessments alongside Income tax assessments to avoid delays.
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