Introducing the βIn Favour Ofβ filter in Case Laws.
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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>New Circular: Ensures Consistent Updates Across Multiple Direct Tax Laws with Oversight and Audit Measures.</h1> The circular outlines procedures for handling consequential revisions in cases involving multiple direct tax laws. It emphasizes the need for a mechanism to ensure revisions in one tax law are reflected in others, such as income tax, surtax, hotel receipts tax, wealth tax, and expenditure tax. The circular mandates assessing officers to ensure these revisions are made, with oversight by Deputy Commissioners and Commissioners during inspections. It also requires updates in appeal and rectification registers to track consequential actions and suggests internal audit checklists include this aspect to prevent future lapses.