https://www.taxtmi.com/circulars?id=9188 Clarifies application of the Summary Assessment Scheme: "fresh investment" applies only in no account cases, balance sheet increases in other cases remove eligibility, voluntary disclosure filings do not affect Scheme status, "exempted income" excludes Chapter VI A deductions, assessments with section 143(2) notices cannot be completed under section 143(1), assessable income exceeding thresholds due to inadmissible add backs cannot use the Scheme, reduced earlier assessments do not bar later summary treatment, dropped penalty proceedings do not disqualify, and partner assessments should await firm assessments except in narrow time bar situations. en-us Mon, 08 May 1978 00:00:00 +0530 Thu, 02 Jun 2011 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9188 Clarifies application of the Summary Assessment Scheme: "fresh investment" applies only in no account cases, balance sheet increases in other cases remove eligibility, voluntary disclosure filings do not affect Scheme status, "exempted income" excludes Chapter VI A deductions, assessments with section 143(2) notices cannot be completed under section 143(1), assessable income exceeding thresholds due to inadmissible add backs cannot use the Scheme, reduced earlier assessments do not bar later summary treatment, dropped penalty proceedings do not disqualify, and partner assessments should await firm assessments except in narrow time bar situations. Circulars Income Tax Mon, 08 May 1978 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9188