https://www.taxtmi.com/circulars?id=9300 The Board instructs that reassessment proceedings already initiated on the basis of audit objections must not be dropped pending review of a court decision questioning whether audit objections constitute information sufficient to reopen assessments; the scope of that decision is under consideration with the Ministry of Law. For future remedial action, authorities should, where feasible, prefer exercise of supervisory revision powers rather than initiating reassessment under the reopening provision. en-us Fri, 30 Nov 1979 00:00:00 +0530 Fri, 03 Jun 2011 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9300 The Board instructs that reassessment proceedings already initiated on the basis of audit objections must not be dropped pending review of a court decision questioning whether audit objections constitute information sufficient to reopen assessments; the scope of that decision is under consideration with the Ministry of Law. For future remedial action, authorities should, where feasible, prefer exercise of supervisory revision powers rather than initiating reassessment under the reopening provision. Circulars Income Tax Fri, 30 Nov 1979 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9300