https://www.taxtmi.com/circulars?id=9027 Instruction warns that consent under section 3(4) to change an assessee's previous year can shift income into a later assessment year, causing deferment of advance tax and enabling more favourable surcharge and surtax treatment; Commissioners must review consents from 1 September 1975 and may use section 263 to cancel prejudicial consents. Income-tax Officers must calculate total tax effect, including escapement or deferment of advance tax, and obtain IAC approval under section 144A where the tax effect exceeds the prescribed threshold. en-us Thu, 26 Aug 1976 00:00:00 +0530 Wed, 01 Jun 2011 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9027 Instruction warns that consent under section 3(4) to change an assessee's previous year can shift income into a later assessment year, causing deferment of advance tax and enabling more favourable surcharge and surtax treatment; Commissioners must review consents from 1 September 1975 and may use section 263 to cancel prejudicial consents. Income-tax Officers must calculate total tax effect, including escapement or deferment of advance tax, and obtain IAC approval under section 144A where the tax effect exceeds the prescribed threshold. Circulars Income Tax Thu, 26 Aug 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9027