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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>CBDT Circular Urges Completion of Reopened Income Tax Cases by July 1973; Highlights Delays u/ss 146, 251, 254, 263.</h1> The circular from February 22, 1973, issued by the Central Board of Direct Taxes (CBDT), addresses the completion of income tax cases reopened under section 146 or set aside under sections 251, 254, and 263 of the Income Tax Act, 1961. It highlights the unsatisfactory progress in disposing of such cases for the assessment year 1970-71 and earlier, with significant pending cases noted as of March 31, 1971, and March 31, 1972. The Board mandates that all pending assessments be finalized by July 30, 1973, and emphasizes the statutory two-year limitation starting from the assessment year 1971-72 under section 153(2A).