https://www.taxtmi.com/circulars?id=5163 Where a power-loom owner files an income-tax return for the first time for the assessment year 2004-05, the return shall not be selected for scrutiny provided the assessee makes a true disclosure of yarn and finished goods stock not exceeding Rs. 20,000 per power-loom and furnishes evidence in support of ownership of power-looms in his name; this concession will not have retrospective application or consequences. en-us Wed, 14 May 2003 00:00:00 +0530 Mon, 11 Aug 2008 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5163 Where a power-loom owner files an income-tax return for the first time for the assessment year 2004-05, the return shall not be selected for scrutiny provided the assessee makes a true disclosure of yarn and finished goods stock not exceeding Rs. 20,000 per power-loom and furnishes evidence in support of ownership of power-looms in his name; this concession will not have retrospective application or consequences. Circulars Income Tax Wed, 14 May 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5163