Consequential tax revision procedures require coordinated amendments across direct tax assessments following related liability modifications. Instruction No. 1831/1989 requires coordinated consequential revision where a modification under one direct tax law affects liabilities or deductions under another. Assessing Officers must ensure such revisions; DCs and CsIT must inspect for corresponding action; appeal and rectification registers must record whether consequential action under the same or another direct tax law has been taken; internal audit checklists must include this verification. Examples include interplay between interest-tax and income-tax, companies surtax and income-tax, hotel receipts tax and income-tax, wealth/gift tax interactions, and expenditure-tax refunds leading to possible income inclusion.
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.
Consequential tax revision procedures require coordinated amendments across direct tax assessments following related liability modifications.
Instruction No. 1831/1989 requires coordinated consequential revision where a modification under one direct tax law affects liabilities or deductions under another. Assessing Officers must ensure such revisions; DCs and CsIT must inspect for corresponding action; appeal and rectification registers must record whether consequential action under the same or another direct tax law has been taken; internal audit checklists must include this verification. Examples include interplay between interest-tax and income-tax, companies surtax and income-tax, hotel receipts tax and income-tax, wealth/gift tax interactions, and expenditure-tax refunds leading to possible income inclusion.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
