Provisional assessment requires furnishing security and prescribed bond by stipulated date, failing which the assessment order lapses. Provisional assessment is allowed subject to furnishing of security in a specified mode and execution of a prescribed bond by a stipulated deadline; ... Summary
Provisional assessment requires furnishing security and prescribed bond by stipulated date, failing which the assessment order lapses.
Provisional assessment is allowed subject to furnishing of security in a specified mode and execution of a prescribed bond by a stipulated deadline; failure to furnish the bond and security within the prescribed period renders the provisional assessment order null and void as if no order had been issued.
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